Gold is currently in the fourth trading day of decline and adjustment. Although there is a rebound, the 1-hour moving average is still in a downward dead cross short arrangement, and the short volume has not decreased, indicating that the short-term short trend is still continuing. Gold prices are also trying to recover lost ground after falling, but the rebound is weak. The bottom signal has not been confirmed yet. At present, given the obvious short trend, Xu Gucheng recommends rebounding shorts as the main, and callback longs as the auxiliary, and pay close attention to the upper 3025-3030 resistance and the lower 2956-2950 support.
Operation strategy 1: It is recommended to go short at 3025-3030 on the rebound, stop loss at 3040, and the target is 3000-2970. If it breaks, it will be 2050.
Operation strategy 2: It is recommended to go long at 3000-2994 on the pullback, stop loss at 2988, and the target is 3020-3030.
Operation strategy 1: It is recommended to go short at 3025-3030 on the rebound, stop loss at 3040, and the target is 3000-2970. If it breaks, it will be 2050.
Operation strategy 2: It is recommended to go long at 3000-2994 on the pullback, stop loss at 2988, and the target is 3020-3030.
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;
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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.