Technical analysis of gold: The trend of gold fluctuates during the day, but the overall bearish trend remains unchanged. We also emphasize the direction of gold layout, and the bears that continue to be optimistic during the day also fall as expected in the US market. The short orders arranged at the 2370 line fell to 2354 to stop profit and exit, and a short-term profit space of 16 US dollars was obtained! At present, gold continues to maintain a weak situation, and this will be a momentum to go straight to the 2350 line! In the future market, short-term operations are still needed, but it is not recommended to chase shorts directly. Pay attention to the short-term pressure level above 2370. A slight rebound to 2370 will start to go short! The short-term target position is directly locked at the 2350 line!
The 1-hour moving average of gold did not form a golden cross, but directly touched and then diverged downward. The short sellers still have the upper hand in gold. The rebound in gold is an opportunity to continue shorting. It once fell below the support near 2371. The short-term decline will continue to around 2350. The thinking continues to be bearish. On the whole, the short-term operation strategy for gold today is recommended to be mainly shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2376-2383 line of resistance, and the short-term focus on the lower side is the 2350-2352 line of support.