Gold's overall technical outlook last Friday saw a roller-coaster ride of long and short shocks. After a continuous decline on Thursday, which fell below the 2600 mark the previous day, gold fluctuated slightly throughout the day and rebounded. The U.S. market experienced an acceleration in the breakthrough and breakthrough. Standing above the 2610 mark and continuing the bullish rebound, it It closed near 2622 on Friday. Gold was not strong after opening in early trading in Asia today. It is still too early for gold to say that the trend has reversed.
Gold has begun to fluctuate. There is no unilateral market trend for gold at the moment. Still a trading strategy of selling high and buying low. Gold is under pressure in the short term at 2638-42 and continues to be short. Gold focuses on the resistance near 2650, and the support of the 2600 first-line mark is the first focus below.
From the 4-hour analysis, today's short-term support is around 2610-08, with a focus on the support line of 2586-92, and the upper pressure is around 2638-42. The overall trading strategy is to maintain high short selling as the main transaction and low long buying as the auxiliary trading strategy based on this range. The main tone of cyclic participation remains unchanged. The middle position is always patiently waiting for cautious orders and patiently waiting for key points to enter the market.
Gold operation strategy:
1. Short sell gold at the rebound line of 2638-2642, stop loss 2651, target 2588-2593 line;
2. Buy gold at the retracement line of 2586-2593, stop loss 2575, target 2630-35 line;