CFDs on Gold (US$ / OZ)
Long
Updated

Gold opening market strategy analysis

259
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💡Message Strategy

In the case of all negative non-agricultural data, gold did not fall below the support of 3300, which shows that gold bulls are still the main trend. The current daily pattern of gold is three positives, one negative and one positive. The trend of the opening next Monday is also very important. Once it continues to rise and rebound to break through the suppression, the bulls will open the door to regain the 3400 mark.

At present, the short-term pressure is still maintained at 3345-50, which is also the first point for the bulls to break through. Once the breakthrough is successful, the next target will be around 3365-3370.

📊Technical aspects

From the 4-hour analysis, the support at 3330 is concerned, and the support at 3320 is concerned. The short-term resistance at 3345-50 is concerned, and the suppression at 3365-70 is concerned. The overall low-multiple cycle participation is maintained. In the middle position, watch more and do less, and be cautious in chasing orders, and wait patiently for key points to participate. Pay attention to the specific operation strategy in time.

💰Strategy Package

Long Position:3320-3330,SL:3305,Target: 3370
Trade active
Gold prices rebound as trade concerns linger, looking to end two-week losing streak

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