Today's analysis of gold, focusing on testing the pressure of the 2670-2650 range
Four-hour cycle:
Gold fluctuated and bottomed out, and with the opening of the Asian session, it continued to rise strongly
(1): Pressure of the oscillation center: 2663
(2): Pressure of the 20-day moving average: 2662
Summary: When the K-line stands firm near 2660, it continues to be bullish
Strategy reference:
Buy: 2660
SL: 2650
TP1: 2670
TP2: 2680
TP3: 2700
TP4: 2720
Note/Key test: Pressure of the 2650-2655 range
After intraday cycle analysis, if this wave of rise stands firm at 2660, it is likely to rise to 2700-2720 next
This will most likely be the limit of the current increase expectations. Then the macro short-selling strategy: we set the maximum stop loss near 2720, and the short-selling price range is 2700-2720
If it returns to below 2650, then the gold rise will fail here and turn to shock again.
Then the short-term short-selling strategy:
Strategy reference
SELL: 2655-2660
SL: 2665-2675
TP1: 2630
TP2: 2620
TP3: 2605
TP4: 2600
Note/Key test: Pressure in the 2670-2650 range
Next, we will continue to follow up on the market, and I will feedback the latest signals at the bottom of the article as soon as possible
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