Gold retreated with a small negative line on the daily line, failing to continue the previous day's strong closing. After the Asian session inertia high, it fell under pressure and reached the highest level of $2,397. The rebound of the US dollar from a low level limited the upward momentum of gold in the short term. The daily line formed a small cross negative line and turned to a volatile trend. The unilateral strength was not strong in the short term. The second high exploration process was insufficient in sustainability. Today's weekly line closed higher and is expected to end with volatility.
The 4-hour chart shows that the support point of the rising trend line is $2,350, which is also the defense point of the bulls. The middle track support is around $2,373. The short-term 4-hour chart is in an upward trend, but the hourly chart lacks the momentum to break high, and the strong rebound of the US dollar has weakened the upward momentum of gold. It is expected that today's trend will tend to be slightly adjusted.
The key support levels are around $2,365 and $2,346, and the resistance levels are around $2,380 and $2,400. Breaking through these levels may support the continuation of the bull trend or suggest a possible pullback.
On the whole, , today's short-term gold operation advice is to focus on shorting on rebounds, supplemented by longs on callbacks. The short-term focus on the upper side is the 2382-2386 resistance range, and the short-term focus on the lower side is the 2350-235 support range.
Commentaire:
🔥At present, the middle track of the 1-hour Bollinger Bands has begun to rise. Focus on the resistance range of 2390-2392 above. If it is broken through, a unilateral upward trend may be formed in the short term
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