During the Asian session on Wednesday, spot gold rebounded slightly, currently around 1903, although Fed officials were open to the possibility of "re-acceleration of the economy" yesterday, which helped the dollar index to refresh its high in nearly two months, making gold bulls scruples. But gains in U.S. Treasury yields were capped, and gold remained supported by bargain hunting.
Judging from the trend of gold yesterday, the overall tendency is to fluctuate back and forth, but the direction is a bit of a short-term bottoming. Yesterday morning, the market started to rebound after accelerating to bottom out. After breaking the previous high, it also tested the lower low support again, but it was still difficult to continue to break below, and then rebounded again. Judging from yesterday's continuous testing of low support, it is obvious that the current short-term bottoming is obvious, and yesterday's daily line also received a cross K negative column again, but there was no new low, so from the perspective of the moving average pattern , the daily MA10 pressure is temporarily at the 1901-1904 mark. In the short-term market outlook, as long as it breaks through again and stands firm, then the overall operation is expected to start to focus on bargain hunting.
Gold still failed to break through the downward trend line in 4 hours. Although the rebound seemed ferocious, it was actually just an illusion. It quickly rose and fell back. There was a lot of resistance above, and there was not enough bull power to support gold's reversal. The downward movement of the 4-hour chart has paused slightly. Due to the previous continuous weakness, it did not weaken and increase the volume at the bottom. Instead, the downward movement slowed down and then consolidated horizontally. There was still a slight rebound yesterday. At least the current K-line pattern is not weak, even if it is falling. It is very easy to have a reverse K line for correction. Bollinger Road began to close, and now it has crossed the middle rail and is shrinking. Temporarily in a sideways shock.
On the whole, in terms of the short-term operation of gold today, Jiesse suggests that rebounding should be mainly long, and high positions should be supplemented by short selling. We continue to increase the price of opening a short position a little bit. At the top, focus on the 1904-1908 position. If we quickly break through the 1906 position, we will not rush into the market to short, wait for the rebound to correct and look for opportunities to short, and continue to focus on the 1890 position below.
Gold operation strategy:
BUY: 1892-1894
SL:1888
TP1:1899
TP2:1903
SELL:1904-1906
SL:1910
TP1:1900
TP2:1896
Judging from the trend of gold yesterday, the overall tendency is to fluctuate back and forth, but the direction is a bit of a short-term bottoming. Yesterday morning, the market started to rebound after accelerating to bottom out. After breaking the previous high, it also tested the lower low support again, but it was still difficult to continue to break below, and then rebounded again. Judging from yesterday's continuous testing of low support, it is obvious that the current short-term bottoming is obvious, and yesterday's daily line also received a cross K negative column again, but there was no new low, so from the perspective of the moving average pattern , the daily MA10 pressure is temporarily at the 1901-1904 mark. In the short-term market outlook, as long as it breaks through again and stands firm, then the overall operation is expected to start to focus on bargain hunting.
Gold still failed to break through the downward trend line in 4 hours. Although the rebound seemed ferocious, it was actually just an illusion. It quickly rose and fell back. There was a lot of resistance above, and there was not enough bull power to support gold's reversal. The downward movement of the 4-hour chart has paused slightly. Due to the previous continuous weakness, it did not weaken and increase the volume at the bottom. Instead, the downward movement slowed down and then consolidated horizontally. There was still a slight rebound yesterday. At least the current K-line pattern is not weak, even if it is falling. It is very easy to have a reverse K line for correction. Bollinger Road began to close, and now it has crossed the middle rail and is shrinking. Temporarily in a sideways shock.
On the whole, in terms of the short-term operation of gold today, Jiesse suggests that rebounding should be mainly long, and high positions should be supplemented by short selling. We continue to increase the price of opening a short position a little bit. At the top, focus on the 1904-1908 position. If we quickly break through the 1906 position, we will not rush into the market to short, wait for the rebound to correct and look for opportunities to short, and continue to focus on the 1890 position below.
Gold operation strategy:
BUY: 1892-1894
SL:1888
TP1:1899
TP2:1903
SELL:1904-1906
SL:1910
TP1:1900
TP2:1896
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