Gold fluctuated in the range of 1930-1942 this week, and the current direction is not clear, so we can trade in the range, long at the low level and short at the high level.
Oscillating repeatedly around 1935, the volatility is getting smaller and smaller, and the space is extremely compressed.It is expected that the trend will continue to decline. After all, the situation is in a bearish trend. The daily line is also oscillating downward, and the MA5—MA10 moving average is dead-crossed downward; the weekly line has peaked and clearly fallen back, and it has entered the stage of pullback. The negative last week laid the foundation for bearishness in 1985.Since the bearish thinking is clear, the next day it successfully closed the yin again, and the rebound is obviously weak at the moment, so just continue to bearish tonight. The rebound focuses on the pressure near 1942, and the support near 1930 below.
Gold trading advice today:
Gold:buy1928-1932 TP:1935-1938
Gold:sell1938-1945 TP:1933-1928
At present, pay attention to the choice direction of gold and make a stop loss in time.
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Comment:
As I said, today is bearish. If you go long and break the support, pay attention to the stop loss.
Comment:
Support point becomes resistance