Gold Spot
Short
Updated

The battle between long and short will be decided in the US mark

461
From the 4-hour analysis, today's upper short-term resistance is at 3055, and the lower line is at 3000-3008 support. In terms of operation, if the rebound is under pressure at this position, continue to short and look for a decline. You should short once based on the rebound relying on 3055-60, and continue to look to break the bottom for the lower target. Be cautious with long orders at high levels.

Gold operation strategy:
1. Gold rebounds at 3055-3058, stop loss at 3066, target 3015-3020, continue to hold if the position is broken;
2. If gold returns to the 3000-3006 line, you can buy more if it does not break, stop loss 2993, target 3045-53 line, and continue to hold if the position is broken;
Trade active
Operation strategy:
1. It is recommended to buy gold around 3052, stop loss at 3042, and target at 3080;
2. It is recommended to sell gold around 3086, stop loss at 3096, and target at 3056;

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.