1.8 Gold Operation Technical Analysis StrategyGold rebounded after hitting the bottom yesterday, and began to rebound after reaching the lowest level of 14, which continued until the evening of the day. The current highest level reached around 64, which has reached the previous high point. This position is also the effective point of the continuous suppression of the shorts in the recent period. With the strong rebound during the day, it also reached this position, but it is very likely to form a three-top pattern, so this position is also the point where we continue to try to short. Once it breaks up, the retracement of this wave of shorts will also be declared over, and the support below is maintained at the top and bottom conversion 50 line position. If it continues to break down this position at night, the bulls may also be in place, which is likely to be the last wave of short-selling. Although the bulls have rebounded, they have not yet reached the realm of a strong breakthrough. There are still many uncertainties in the market. In addition, this week is the release of non-agricultural data, and the previous shocks are also likely to lay the groundwork for the release of non-agricultural data. In the evening, we will still maintain gold at around 63-64 for short selling, with a target of around 50-40 and a loss of 70.5.
Short-term operation:
SELL: 63-64 Target is around 50-40, stop loss is 70.5.
