Gold price retreats and waits for an explosion
Updated
Judging from the current market trend, we will rely on the 4-hour support to arrange long orders. The upward trend channel support is near 2720, and the low point of the early trading is near 2724. The previous pattern support is near 2715-20, so it is our opportunity to arrange long orders near this position. The short opportunities are 2748 and 2758. At present, the short positions in such a market are only looking at small retracements. In the middle position, watch more and do less, and be cautious in chasing orders.
Gold operation strategy:
1. Gold retracement 2720-25 line long, stop loss 2713, target 2748-52 line, break to see 58-63 line;
2. Gold rebound 2758-62 line short, stop loss 2769, target 2715-2720 line;
Gold operation strategy:
1. Gold retracement 2720-25 line long, stop loss 2713, target 2748-52 line, break to see 58-63 line;
2. Gold rebound 2758-62 line short, stop loss 2769, target 2715-2720 line;
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