Yesterday, gold rebounded in the European and American markets and broke through the 3240 mark and continued to rise above 3260, then fell back and fluctuated under pressure at the 3265 mark. We directly gave a strategy of shorting at the 3258-65 line, and the short order was also perfectly profitable. Our articles also gave a strategy of shorting at the 3260-65 line many times. At present, gold is short-selling strongly. We try to wait for a rebound to find a good entry position. We can continue to short at the rebound of 3258-65, and the 3275-81 line is still the key suppression position for covering positions.
From the 4-hour analysis, today's upper side is focusing on the short-term pressure at 3258-65, and the important pressure at 3275-81. Intraday rebound relies on this position to continue to go short and look for a decline. Before breaking through and standing on this position, continue to maintain the main short rhythm of the rebound. The lower side has short-term support near 3206-13, and focus on the support at the 3200 line. Be cautious when going long.
Gold rebounds to 3258-65, short sell, rebound to 3275-83, short sell, stop loss 3293, target 3206-3215, continue to hold if break
From the 4-hour analysis, today's upper side is focusing on the short-term pressure at 3258-65, and the important pressure at 3275-81. Intraday rebound relies on this position to continue to go short and look for a decline. Before breaking through and standing on this position, continue to maintain the main short rhythm of the rebound. The lower side has short-term support near 3206-13, and focus on the support at the 3200 line. Be cautious when going long.
Gold rebounds to 3258-65, short sell, rebound to 3275-83, short sell, stop loss 3293, target 3206-3215, continue to hold if break
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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.