Gold rebounds and corrects, waiting for non-agricultural data
Updated
In the early trading of gold, short (buy decline) in batches, 20% of the position, stop loss 6 points, target 2745-2730, break to see 2720
Gold callback near 2718-2720, long (buy rise) in batches, 20% of the position, stop loss 6 points, target 2735-2745, break to see 2750
Currently, the price has fallen below the upper and lower lines, but it did not close below. The key point is whether it can continue today. Today is the first day of the monthly line change. There is a large gap. The probability of covering this month is very high. The four-hour rebound at the lower track support, the overall break Bottom, the hourly chart has a big negative line that broke the lower line and the acceleration line downward. It is currently in a weak correction. Whether it can recapture the lower line and the acceleration line is the key. If it is recaptured, it will return to the second highest point of the second decline last night. So today we will focus on two points, one is 2758, and the other is 67. The support below is still 30, and the second is 2718-08. The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space for gold will continue to open. Gold will rebound under pressure at 2758 during the day. It will continue to go short at highs below 2758 in the European session. Go short near the current price of 2755. On the whole, today's short-term operation strategy for gold is to mainly go short on rebounds and to go long on pullbacks. The short-term focus on the upper side is the 2758-2760 resistance line, and the short-term focus on the lower side is the 2738-2740 support line.
Gold callback near 2718-2720, long (buy rise) in batches, 20% of the position, stop loss 6 points, target 2735-2745, break to see 2750
Currently, the price has fallen below the upper and lower lines, but it did not close below. The key point is whether it can continue today. Today is the first day of the monthly line change. There is a large gap. The probability of covering this month is very high. The four-hour rebound at the lower track support, the overall break Bottom, the hourly chart has a big negative line that broke the lower line and the acceleration line downward. It is currently in a weak correction. Whether it can recapture the lower line and the acceleration line is the key. If it is recaptured, it will return to the second highest point of the second decline last night. So today we will focus on two points, one is 2758, and the other is 67. The support below is still 30, and the second is 2718-08. The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space for gold will continue to open. Gold will rebound under pressure at 2758 during the day. It will continue to go short at highs below 2758 in the European session. Go short near the current price of 2755. On the whole, today's short-term operation strategy for gold is to mainly go short on rebounds and to go long on pullbacks. The short-term focus on the upper side is the 2758-2760 resistance line, and the short-term focus on the lower side is the 2738-2740 support line.
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