Gold has been fluctuating at a high level during the day on Thursday. So far, it has reached the highest level of 2671. Now it is still fluctuating at the level of 2668. From the overall trend, gold bulls are still very strong, but the pressure from the upper 2680 level is also relatively strong. Therefore, we do not recommend going long at high levels, because the technical side may fall back at any time. Therefore, we mainly operate steadily and wait for a short-term decline to continue going long.
Judging from the current 4-hour gold trend, the important upper pressure is at 2675-2680, the short-term support below is at 2648-50, and the support below is at 2640
Gold operation strategy:
1. Go long when gold falls back to 2648-2650, add to long position when it falls back to 2640, stop loss at 2633, target at 2660-65, break to 2675-80;
2. Go short when gold rebounds to 2675-2680 but does not break, stop loss at 2687, target at 2648-2652, break to 2640;
Judging from the current 4-hour gold trend, the important upper pressure is at 2675-2680, the short-term support below is at 2648-50, and the support below is at 2640
Gold operation strategy:
1. Go long when gold falls back to 2648-2650, add to long position when it falls back to 2640, stop loss at 2633, target at 2660-65, break to 2675-80;
2. Go short when gold rebounds to 2675-2680 but does not break, stop loss at 2687, target at 2648-2652, break to 2640;
Trade active
It is not difficult to make money in this market. It is very simple if you have the ability to analyze the market and the ability to manage risks. However, if you do not have these abilities, I advise you not to trade blindly, because the cost of trial and error is very high. I do not want you to lose money in vain. If you want to make a stable profit, you can contact me and I will use my knowledge to help you.
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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.