Gold 2.20 Analysis

Gold is still bullish in terms of its current trend, and there are signs of breaking new highs recently. If the price can stabilize at 2950, ​​it is likely to reach 2970 and 3000 points in the future.
There is no sign of a bearish turn in the short-term trend pattern. Pay attention to the key support line of 2930 below, which is the turning point between long and short. If it falls back quickly, the callback will be under pressure again at 2930-2925, and gold will fall into a weak pattern in the short term. However, there is still no opportunity to participate in short orders. The operation is mainly to maintain the callback low and do more.

Gold trading strategy today: Gold callback near 2930 support long layout, defense breakthrough 2918 as the stop loss basis, the upper target focuses on 2948, 2956, 2970.

Short-term short strategy: rush to the 2950-2955 area to try to arrange short orders with a light position, and break through the new high as defense. Short-term targets 2942, 2936.

Risk warning: The recent gold bullish momentum is strong. The trend is rising in a step-by-step manner, with low-to-long positions as the main trend. Risk control is required for those who participate in short positions against the trend at high levels.