9.19 Gold Trading Analysis Strategy

12 hours ago

12 hours ago

At present, the rebound of gold is a little bit strong, but gold is still in the process of rebounding, which does not mean that the market will continue to be strong. Don't chase gold at high levels easily. In the 4-hour level, the short-term moving average maintains a relatively good oscillating downward trend. The K-line is currently under pressure from the short-term moving average and has not yet seen a bottoming signal. In the short-term trend, pay attention to the support belt around 2545-30. The 1-hour moving average of gold is still in a dead cross pattern, and gold has not yet ended its downward adjustment. Moreover, even if the 1-hour gold rebounds now, the 1-hour gold is still in a head and shoulders top pattern; it is now in the process of building the right shoulder. Gold will continue to be short in the European session rebound, and 2585 can continue to be shorted first. On the whole, today's short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is the 2588-2590 resistance line, and the short-term focus on the lower side is the 2550-2546 support line.

Gold rebounds near 2588-2590 and sells short (buys down) in batches with 20% of the position, stop loss 6 points, target near 2570-2560, break to see 2550

Gold pulls back near 2550-2552 and sells long (buys up) in batches with 20% of the position, stop loss 6 points, target near 2570-2580, break to see 2590

Ovihali

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