Gold may have another waterfall, the latest technical analysis

31 Dis 2024

Gold continued to fall on the daily line, and once again lost the MA10 daily average line of 2614. Yesterday, it fell below the 2600 mark, and the low point moved down. The adjustment range moves down to 2590/2620. The price in the short-period four-hour chart runs along the middle and lower rails of the Bollinger Band, the moving average opens downward, the RSI indicator runs weakly below the central axis, and the intraday rebound is mainly selling at high levels!

The gold 1-hour moving average continued to cross the downward short arrangement again, and the gold fell and continuously refreshed the low point. Now gold is obviously still in a short trend, so just continue to go short. Today, 2622 is an opportunity to sell at highs, but the short-term rebound of gold near 2615 was suppressed, so you can enter the market in advance!

First support: 2595, second support: 2590, third support: 2581

First resistance: 2610, second resistance: 2615, third resistance: 2628

Trading strategy:

BUY: 2588-2590

SELL: 2613-2615

31 Dis 2024

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31 Dis 2024

Nota

After yesterday's decline, gold has been in a state of rebound correction today. The actual market still maintains a weak track. Our NY market continues to be bearish!

The one-hour moving average crosses, and the second pressure level is near 2618. Gold touches 2618 and clearly feels the selling pressure from above. Gold starts to fall after rising!

There is no important news data released today. There are no important news data released today. It is expected that the market operation will remain volatile and consolidated. Therefore, even if the position is slightly broken in one direction during the intraday operation, do not chase the rise or fall. This will easily lead to getting stuck at the highest point or the lowest point!