From a technical point of view, gold prices still have some room to rebound, but they still need to beware of the possibility of returning to the decline after the rebound is blocked.
This trading day will release the US factory orders for May and the final US durable goods orders for May, investors also need to pay attention
There is a chance for further rebound in the short term, the initial resistance is around the 21-day moving average at 1934.25, strong resistance is around the 100-day moving average at 1946.09, if it can break this resistance, it will increase the bullish signal in the future, and further resistance will refer to the June 20 high around 1956.66 and the 55-day moving average around 1967.26.
Before breaking through the 21-day moving average of 1934.24, it is still necessary to watch out for the possibility of gold prices returning to the downtrend, the initial support is around the 5-day moving average of 1919.68, Monday's low support is around 1909.93, then the 1900 integer mark, if it falls back below this level, it will increase the bearish signal in the future
Intraday short-term trading pay attention to lower support, long around 1920, upper resistance near 1933 short
The specific trading strategy will be changed accordingly according to the real-time trend, join me to get more accurate trading signals
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Going long has already taken profit and reduced positions
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Earlier I mentioned that attention to the 1934 key position may rebound downward, so to my customers reminded the take profit, at present it seems that gold is the same as I analyzed, gold began to fall after reaching 1934, the trend gave a short strategy, the current target profit customers can choose to reduce positions
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The specific trading strategy will be changed accordingly according to the real-time trend, join me to get more accurate trading signals
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Tomorrow will be an important trading day, there will be a lot of important data released, if you want to get the most accurate real-time trading signals, contact me as soon as possible, I will give you the best trading advice to help you profit
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