Gold, focus on 1938 support position

Gold from the daily chart, yesterday gold prices rushed higher after falling back to close the solid negative K-line pattern, the current MACD indicator double line has issued a dead fork change signal, suggesting that the market may be further downward retracement to test the bottom support, but the KDJ indicator began to move higher, you need to pay close attention to the MA5 average on the price support strength.

Gold 4-hour chart, after yesterday's round of low recovery, gold prices have recovered the fall in mid to late May, although the MACD indicator double line is still running in the process of the golden fork, but at this stage the price is facing the pressure of the pressure ahead many times, next week or the opportunity to step back to test the bottom, need to pay attention to the MA5 and MA10 below the two key average support effect. Comprehensive analysis of the above, next week's operation Liu Qiangwei suggested back to do more, the lower concern 1935-1940 a line of support, the upper concern 1970-1965 a line of resistance;

Suggested attention: the lower support 1938-1942

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Gold, specific ways to trade next week

Focus on the 1940-38 resistance position below

Strong support 1930-1900

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Currently at 1945, keep an eye on the support position I mentioned in my last message.

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Gold, today's trading positions and views

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Although 1938 is a position of support, it is not particularly good in terms of k-line patterns. If you want to step in to buy orders, you need to pay attention to three points:

1, h1 hourly closing cross positive.
2, 30-minute retracement of consecutive positive lines.
3, the timing and momentum of the European session.

But from the current point of view these conditions are not available

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Gold, 1955 today's watershed