GOLD-analyze

Recently, the market has been discussing the impact of the geopolitical situation and US economic data. In terms of the geopolitical situation, Israel continued its air strikes on the Gaza Strip on Monday, causing many injuries. However, at the same time, the two sides have begun to enter the negotiation stage. Hamas leaders arrived in Cairo to hold a new round of talks with Egyptian and Qatari mediators. The results of The impact is yet to be determined. In terms of data, important data for the week will be gradually released starting from Wednesday.

Judging from the trend of gold yesterday, it fell rapidly around 2336 and once touched 2319 and started to rebound. The European market stabilized at 2330 and continued to rebound to around 2344 and then reached the lowest level of 2326. Then it stabilized again and rebounded for a second time to reach a new high and hit the 2346 line. Then It fell back under pressure again, a very obvious consolidation trend

Today we still view gold in a range. You can sell high and buy low based on the resistance and support on the chart. Yesterday I said that if the closing price is higher than 2340, the possibility of rising today will increase, but yesterday's closing price was around 2335 , so today we mainly sell

Gold is now near yesterday's important support point of 2320. Now you need to observe whether it can get support again here. Aggressive traders can use small lots to buy and set SL strictly.

Again, the market changes rapidly, and real-time analysis makes it easier to make profits. You need to adjust your strategy in time according to market trends. The above ideas are for your reference.

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Comment:

Today’s view is correct again