PCE data week gold under pressure! Rebound high altitude strateg
From the analysis of the 4-hour trend of gold, the price of gold continued to decline after opening today. In view of the particularity of the closing stage of the weekly line, it is recommended that you avoid blindly chasing shorts and should adhere to the idea of swinging short trading. The technical level shows that the Bollinger Bands in the 4-hour cycle show a clear closing trend, and the price is constrained by the operation below the middle track, and the short-term weak pattern is established. In terms of operation strategy, it is recommended to adopt a rebound short-selling-dominated strategy, focusing on the key pressure range of 3311-3316. It is necessary to arrange short orders in batches according to the strength of the rebound, and the lower target is to look at the support area of 3265-3260. Based on the comprehensive technical indicators, gold currently maintains a short trend, and it is recommended to use a rebound short-selling strategy as the main operation.
Operation strategy:
Gold is recommended to rebound in the 3311-3316 area to short, stop loss at 3324, target 3300-3280
Operation strategy:
Gold is recommended to rebound in the 3311-3316 area to short, stop loss at 3324, target 3300-3280
Trade active
Gold has been rising rapidly since the opening this week. Currently, we need to focus on the upper resistance of 3350. If it breaks through, we can continue to buy gold.
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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.