The short-term 4-hour middle track 3380 line has been lost, becoming a key counter-pressure point. As long as the price cannot stand on this position again, it will maintain a downward correction trend. If it falls below 3292, the gains and losses of the 66-day moving average 3260 will be concerned. The 1-hour level K line is under pressure from ma10 and ma5 and continues to fall. After last night's consolidation and pull-up, the current K line has re-run above ma10, and at the same time, macd forms a golden cross below the zero axis. This wave of 200 US dollars of rapid exploration has almost corrected most of the overbought situation. If the price continues to fall, or with the help of bottom divergence, it will slowly brew a short-term bottom. Today's gold rebound reminds that attention should be paid to the resistance below 3340, and the limit is below 3356. If it is not under pressure, it will still be bearish adjustment. Strong support is at 3260 or 3245. After the position stabilizes, it will begin to consider bottom-fishing. For today's short-term operation of gold, it is recommended to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 3350-3370 first-line resistance, and the short-term focus on the lower side is 3300-3280 first-line support.
Trade active
From the 4-hour line analysis, today's support is around 3300-3310. If you fall back during the day, you can buy more once before looking at the rebound. The upper short-term resistance is around 3340-3356, and the focus is on the suppression of 3380-90. The overall support is to maintain a wide range of long and short fluctuations in this range. In the middle position, you should watch more and move less, and be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the session, so please pay attention to it in time.Gold operation strategy:
1. Short gold rebounds at 3340-50, and the target is 3300-3310
Trade closed: target reached
Today's operating strategy was really effective. When I learned that many friends' positions were liquidated, I felt mixed emotions. All the hard work and expectations I put in were instantly gone. I just hope that you can cheer up and there will be a turnaround in the future. You all have reaped good returns by following my trading strategy!
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Join the Telegram group and start your journey of making https://money.https://t.me/TP_Dani
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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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Join the Telegram group and start your journey of making https://money.https://t.me/TP_Dani
Related publications
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.