The gold 4-hour level is in a downward trend. The current market has made a sharp correction and reached the lower support near 1995 before entering a state of adjustment. It has now fallen below the key support near 1995, and the short forces are dominant. However, technical indicators suggest a possible rebound correction in the short term, especially with the RSI and Stoch indicators showing low golden crosses. It is necessary to pay attention to the resistance level of the 2020 line of the middle track of the Bollinger Bands. Once the market falls below the 1990-1995 line, the next wave of decline may occur in the short term. The patterns and indicators on the 1-hour chart also support short-term rebound corrections, but the upper resistance level can be focused on the vicinity of 2014-2016 and the middle track of the Bollinger Bands 2020. Below, focus on the first-line support level of 1995-1985, and for further support, focus on the vicinity of 1975-1965. It is recommended to focus on shorting during the day, and only suppress shorting at the beginning of the week.
Gold operation strategy: It is recommended to go short when the upper limit reaches 2000-1998, stop loss in 2007, and target 1985--1980.
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