Gold fluctuates sideways at a high level and seesaws!The 1-hour moving average of gold has gradually begun to show signs of turning around. The 1-hour moving average of gold is also a head and shoulders top pattern. Even if it pulls back and forth again, gold will continue to fluctuate in a large range. There will be more data in the second half of this week, and there will also be important event news. Therefore, gold still needs to wait for news or data to let gold go out in a new round of direction. Gold did not break through the intraday high, so our US market will continue to be high and empty.
Today's gold short-term operation ideas suggest that rebounding is the main focus, and callbacks are supplemented by longs. The upper short-term focus is on the first-line resistance of 3138-3140, and the lower short-term focus is on the 3100-3110 first-line support.
Short position strategy:
Strategy 1: Short 20% of the position in batches when gold rebounds to around 3138-3140, stop loss 6 points, target around 3120-3110, break to see 3100 line;
Long position strategy:
Strategy 2: Long 20% of the position in batches when gold pulls back to around 3100-3103, stop loss 6 points, target around 3110-3120, break to see 3130 line;
