Gold 2.21 Analysis

avant-hier

After hitting the 2954 line recently, gold turned downward and fluctuated weakly. The current structure has broken the upward channel of the hourly line. After testing the 2918 support today, it quickly pulled back, but the pressure near 2936 above failed to form an effective upward break, but formed a head and shoulders top pattern. There are even signs of a downward break in the short term.

Overall, gold is at the boundary between long and short in the short term, and the news and technology show a bearish atmosphere. If the support of 2918 below is broken, gold will fall into a long-short reversal stage in the short term.

Gold's upper resistance is 2936-2942
Gold's lower support is 2918, and further supports 2905.

Gold's operation suggestions for today:
Gold rebounds to the 2936-2942 area and arranges short orders. 2950 defense. Downside targets are 2924, 2916, and 2905.

avant-hier

Transaction en cours

Today, data news came out frequently, and the gold price also formed a short-term bullish and bearish turbulence, but the price has never been able to break through the 2940 line, but fell below the short-term support of 2930, and the short-term bullish and bearish divergence has also appeared.

This situation is consistent with the previous analysis, and the subsequent operation ideas are gradually becoming clear.

The short-term support below is 2922-2918.