Wide fluctuations in the area, sell high and buy low trading

Stimulated by the risk aversion news, gold rose again to around 2355. I have already reminded you in my article yesterday. Gold is still not in a bearish trend overall. If gold rebounds to the 2345-2350 area and then falls, gold is still expected to test a new low, but the time period will be extended.

Gold fell back to around 2326 in the short term. Judging from the current trend of gold, I expect that before the NFP market, gold will most likely maintain a wide range of fluctuations. It is difficult to break through the upper side, and there is a solid support below. Therefore, before NFP, the performance of both long and short sides will not continue. Then we can use the support and resistance areas to sell high and buy low in the transaction.

At present, gold has fallen back, and we can participate in the short-term long gold in time. In the short term, we first focus on the support of 2330-2325 area, and the resistance of 2345-2350 area on the upper side.

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Transaction en cours:

Now it is in the support area, you can continue to go long on gold

Transaction en cours:

Currently, gold shows signs of stopping the decline and stabilizing. Wait patiently for gold to rebound.

Transaction en cours:

Gold is currently rebounding above 2331 again, we continue to hold our long position and wait for profits to expand

Transaction en cours:

Gold has risen above 2337 in the short term, and the profits of our long positions are growing wildly.

Transaction en cours:

Gold falls back to around 2322, which is an opportunity to go long on gold again

Transaction en cours:

2315, double the position and go long gold