Gold market trend analysis strategy, detailed version

The gold moving average has begun to be short, but Bollinger shows signs of tightening, so if you are short, you can't chase it, in case the bulls attack halfway.

The price of gold has broken through the previous low of 2000, so the idea within the day is to rebound and continue to be empty. If it goes down, then the rebound is the opportunity to enter the market. The high point of the reverse draw is the first entry position. The current resistance is at 1987, followed by the 1992 line
Long and short investors need to pay attention to the ten-hour MA10 position, which is 2005. In a unilaterally falling market, the four-hour MA10 is a watershed. If it does not break, it will continue to be bearish. If it breaks up, the market will fluctuate or rise slowly.

From the hourly chart, the short-term moving average has successfully crossed the medium-term moving average, and now the stochastic indicator is a bit oversold
But this does not mean that the price has fallen to a certain point, and there are two situations of oversold in the break-through decline: one is to continue to break the bottom to lure the short and pull the energy to correct, and the other is to correct sideways, that is, only the indicators do not see the price rise

The resistance of the downward trend coincides with the 2000 mark. This position is the short-term critical point. If the critical point is not regained, the idea of rebounding at high altitude will be maintained

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