Gold bearish target 2606, rebound continues to sellGold opened slightly lower in the Asian session, and then accelerated downward. The support position below is near 2620. In the 4-hour period, the stochastic indicator crosses and moves downward. In terms of form, it is under pressure on the upper track of BOLL and moves downward. In the 4-hour period, you can consider continuing to choose a high-altitude approach to deal with it; the pressure position is near 2642!
Gold fell directly and broke through. In the end, the gold shorts were better. Gold rebounded in the Asian session and continued to be short. The market is changing rapidly, and you must not think in a one-track mind. Since the short momentum of gold is stronger now, continue to go short!
Gold 4-hour last week's triangle convergence pattern, but gold broke directly in the Asian session. Now the gold shorts have broken the balance, so gold continues to be the home of the shorts. Gold continues to be short at highs below 2642 in the Asian session. Gold rebounds near 2640 and can be shorted first.
First support: 2620, second support: 2608, third support: 2595
First resistance: 2630, second resistance: 2642, third resistance: 2656
Trading strategy:
Sell high and buy low in the 2642~2608 range, trade according to the resistance and support range. Do not trade in the middle position, wait patiently for the key position
