Gold did not break through the upper pressure at midnight last Friday. Gold fell directly after opening in the morning on Friday. The bears broke through the previous 3295 support line, and the lowest reached 3255 in the evening. It closed at around 3274, and the daily line also closed in the form of a big Yin line.
From the 4-hour analysis, the upper short-term resistance focuses on the 3295-3301 line, and the 3316 line is focused on. In terms of operation, it is still rebounding and continuing to be short and follow the trend to fall. The short-term support below focuses on the 3250-3255 line. The overall high-altitude participation tone remains unchanged relying on this range. I will remind you of the specific operation strategy during the session, and pay attention to it in time.
Gold operation strategy:
1. Short gold rebounds at the 3295-3301 line, and short gold rebounds at the 3314-16 line, stop loss at 3326, target 3255-3260 line, and continue to hold if it breaks;
From the 4-hour analysis, the upper short-term resistance focuses on the 3295-3301 line, and the 3316 line is focused on. In terms of operation, it is still rebounding and continuing to be short and follow the trend to fall. The short-term support below focuses on the 3250-3255 line. The overall high-altitude participation tone remains unchanged relying on this range. I will remind you of the specific operation strategy during the session, and pay attention to it in time.
Gold operation strategy:
1. Short gold rebounds at the 3295-3301 line, and short gold rebounds at the 3314-16 line, stop loss at 3326, target 3255-3260 line, and continue to hold if it breaks;
Trade active
As we expected, gold fell back 20 points after hitting 3295, so congratulations to the short traders.
Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.