Gold plummeted at the opening of Monday, reaching the lowest point of 2972, and then rebounded to 3055. We successfully placed a short order at 3052, and have already made a profit to the target. The hourly moving average of gold crosses downward and the short position is arranged, and it continues to open downward. So gold is now the home of the short position. Whether gold rebounds or continues to be short, gold is now in a short trend below the gap. We continue to pay attention to the short-term suppression at 3055.
From the 4-hour analysis, today's upper short-term resistance is 3055, and the lower line is 3000-3008. In terms of operation, the rebound pressure at this position continues to be short and follow the trend to fall. It is necessary to rely on the rebound to rely on 3055-60 to go short once, and the lower target continues to break the bottom.
Gold operation strategy:
1. If gold rebounds to 3055-3058, short it, stop loss at 3066, target 3015-3020, continue to hold if it breaks;
2. If gold falls back to 3000-3006 but does not break, you can buy it, stop loss at 2993, target 3045-53, continue to hold if it breaks
From the 4-hour analysis, today's upper short-term resistance is 3055, and the lower line is 3000-3008. In terms of operation, the rebound pressure at this position continues to be short and follow the trend to fall. It is necessary to rely on the rebound to rely on 3055-60 to go short once, and the lower target continues to break the bottom.
Gold operation strategy:
1. If gold rebounds to 3055-3058, short it, stop loss at 3066, target 3015-3020, continue to hold if it breaks;
2. If gold falls back to 3000-3006 but does not break, you can buy it, stop loss at 2993, target 3045-53, continue to hold if it breaks
Trade active
Gold rebounds to 3055-3058, short at 3066, stop loss at 3066, target at 3015-3020, continue to hold if it breaks. I wish everyone can recover the loss of last week's crazy gold on Monday. Everyone is welcome to come and communicate
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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.