From the 4-hour analysis, the upper resistance is around 3100-3108, and the lower short-term support is around 3077-85. Focus on the 3055 support. For the time being, participate in range operations and maintain the main tone of following the trend.
Gold operation strategy:
1. If gold rebounds to 3100-3108, go short, stop loss at 3117, target at 3077-3085, if it breaks, go long at 3055-60;
2. If gold falls back to 3055 but does not break, go long, if it falls back to 3036-43, go long, stop loss at 3032, target at 3098-3108, if it breaks, continue to hold;
Gold operation strategy:
1. If gold rebounds to 3100-3108, go short, stop loss at 3117, target at 3077-3085, if it breaks, go long at 3055-60;
2. If gold falls back to 3055 but does not break, go long, if it falls back to 3036-43, go long, stop loss at 3032, target at 3098-3108, if it breaks, continue to hold;
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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.