Gold's strong rise hits key resistanceDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy.
Gold has tested the 2604 support line several times in the past few days, but failed to break through successfully, indicating that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. If it falls back, it will give us an opportunity to enter the market or increase our positions! We still need to pay attention to the 2650 pressure line on the top. If it breaks through this position, then this round of correction will come to an end. Otherwise, gold will continue to fall. On the whole, Jin Shengfu recommends shorting on rebounds as the main strategy for short-term gold operations today, and long on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 2648-2650 resistance line, and the short-term focus on the lower side is the 2620-2624 support line.
