Gold Looking at the daily line, gold has weakened the support at the bottom of the downtrend. A close above the trendline at the top of the pennant (around 1967) would be a sign of strength. Gold Looking at the 4-hour line, gold prices are in a two-week-old falling wedge-shaped bullish technical formation. A bullish crossover on the MACD indicator and a U-shaped reversal in the relative strength index (RSI) from oversold territory added strength to gold's recovery hopes. The 200-period exponential moving average (EMA) adds strength to the upper edge of the wedge, making it harder for gold to cross the 1968 barrier. On the whole, it is recommended to treat more shocks in the evening gold operation!
Gold night operation strategy:
Long and single strategy: 1958-1956 long, stop loss 1949, target around 1970;
Short order strategy: 1970-1972 short, stop loss 1978, target around 1959.