From a technical perspective, after the rise on Wednesday and the continued rise in early trading on Thursday, gold has now formed a stubborn bottom at 2315. The daily line has broken through the middle Bollinger band with consecutive positive lines, and the upper track high of 2420 is about to be seen. Therefore, this wave of rise has just begun and there is still a lot of room for growth.
The unilateral rise in the H4 cycle is more obvious. All the K lines stand firmly above the moving average, and the divergent trend is obvious. However, because this wave of rise has just begun, the upper Bollinger rail of the H4 cycle has not yet opened. Therefore, do not chase highs at will in the unilateral rise. It is prudent to wait for a decline and go long. The upper high point can be seen at 2395. Then, after determining the high point target of the daily cycle and the H4 cycle, the small cycle looks for the opportunity to go long again today. The unilateral moving average support below the hourly cycle is around 2360. After rising and falling back to this support point, you can go long. The effective high points of the whole market are 2380 and 2395! The unemployment benefit data will be released in the US market, and its impact on the news needs to be seen.
On the whole, the short-term operation strategy for gold today is to focus on buying on pullbacks. The short-term focus on the upper side is the 2380-2396 line of resistance, and the short-term focus on the lower side is the 2360-2355 line of support.