Gold fluctuates sideways at high levelsGold is still fluctuating in a large range. Gold still needs to wait for news or data to lead it to a new direction. Gold has not broken through the intraday high, so we will continue to focus on high-altitude trading. Overall, the short-term operation strategy for gold is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 3138-3140 resistance, and the short-term focus on the lower side is 3100-3110 support.
Short position strategy: short 20% of the gold position in batches when it rebounds to around 3138-3140, stop loss 6 points, target around 3120-3110, and look at the 3100 line if it breaks;
Long position strategy: long 20% of the gold position in batches when it pulls back to around 3100-3103, stop loss 6 points, target around 3110-3120, and look at the 3130 line if it breaks;
