The structure of the daily gold line is currently back in the interlayer of the moving average, and the short-term market may undergo a process of shock and digestion. As long as it does not break through the 2020-2025 area, the short-term state of gold will still be weak, and the shock and digestion time in the interlayer of the average line will be extended. It will only increase the possibility of the market falling again in the later period. In terms of technical structure, once the 2000 integer mark is lost, the gold shorts are bound to gain, and the adjustment space below will be expanded to around 1970, the lower edge of the daily line level range
Gold opened lower in 2010 and then rebounded slightly in 2018. In the European market, the price of gold rose again to the 2020 line. Looking at the opening of the gold price and the momentum of the European market, we believe that the gold price can enter the market with short orders in advance, and the stop loss position should be slightly larger. The main reason is that the current main trend is bearish. Observe the opening point below 2010. If the European market can fall below the US market, it may chase short to see the position below the 2000 mark.
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Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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