Gold continues to plunge target cash
Gold technical analysis: The trend of gold is fully in line with our expectations, and the market fell back as expected. Gold yesterday was affected by the US market data, and fell back again. The highest hit around 2618 and then began to fall, which continued so far, the lowest hit 2550 line position, down nearly $70, is also since the historical high 2789 fell. This week is also out of a strong short trend, continuous negative line also accumulated the energy to fall, but in the continuous decline of the market, range shock is a way to repair the long and short, is not the signal of reversal, so the continuation of the fall is also our expectation, today's rebound around 2581 was blocked, continue to accelerate the downward, the lowest has reached around 2550. This week Sheng Fu bearish thinking is perfect, as scheduled to fall sharply;
At present, the key pressure above gold is maintained at yesterday's decline of 382 line position near 2581, which is basically equivalent to the morning counter pumping high, and the large retracting of the Asian plate still needs to see the trend of the European plate, and the lower support is again maintained at the early rising point around 2550-46 area, the daily continuous negative line retracting. The hourly line is also in the falling form, in the short term we are still to short the idea of operation, after a continuous large negative line down, we can not blindly doubt the bottom, only to follow the continue to short, then the European plate can be considered to maintain near 2580-85 short, the current morning continued weak pattern fell to near 2550, Also gradually began to test the early low and weekly Boll band in the track support, the operation of the rebound is mainly empty, temporarily not too blind bearish! In general, today's gold short-term operation ideas suggested rebound short, supplemented by a pullback to do more, the above short-term focus on 2580-2590 line resistance, below the short-term focus on 2550-2546 line support
At present, the key pressure above gold is maintained at yesterday's decline of 382 line position near 2581, which is basically equivalent to the morning counter pumping high, and the large retracting of the Asian plate still needs to see the trend of the European plate, and the lower support is again maintained at the early rising point around 2550-46 area, the daily continuous negative line retracting. The hourly line is also in the falling form, in the short term we are still to short the idea of operation, after a continuous large negative line down, we can not blindly doubt the bottom, only to follow the continue to short, then the European plate can be considered to maintain near 2580-85 short, the current morning continued weak pattern fell to near 2550, Also gradually began to test the early low and weekly Boll band in the track support, the operation of the rebound is mainly empty, temporarily not too blind bearish! In general, today's gold short-term operation ideas suggested rebound short, supplemented by a pullback to do more, the above short-term focus on 2580-2590 line resistance, below the short-term focus on 2550-2546 line support
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