On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback, the shape remains the same. This is enough to show that the advantage of the bulls has not changed. The current short-term moving average has moved upward again. Forming support, other cyclical indicators maintain a bullish arrangement, and the Bollinger Bands as a whole continue to extend upward. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls will reach new highs. High probability. In terms of the 4-hour, after the shock consolidation of the US market last Friday, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow big positive line was collected during the US market. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger Bands open upward as a whole, and the MACD indicator double lines are in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls.
For the operation strategy of gold at the beginning of this week, it is recommended to continue to do more at low levels and short at high levels. For the support and resistance below, pay attention to the 2685-2680 area first, and continue to look at the 2700-2710 area above in the short term. If it is broken by the bears, then focus on 2673 and 2664. In particular, the latter, as the negative drop point of non-agricultural data, will become the strongest defense of the bears. Long orders need to be decisively arranged above. For the upper resistance, pay attention to the vicinity of 2703 first, and then pay attention to the area of 2712. You can try short-term shorting when it is touched for the first time.
In terms of gold's short-term operation ideas today, our team recommends mainly longs at the low levels of the correction, supplemented by shorts at the rebound highs. The top short-term focus is on the 2700-2710 first-line resistance, and the bottom short-term focus is on the 2665-2660 first-line support
Gold operation strategy:
1. Gold retreats to the 2663-2665 line, cover positions and buy long, stop loss at 2655, target 2690 line, break the position and look at 2704-2707 line
2. Gold rebounded for the first time, sell short at the 2710-2712 line, stop loss at 2720, target the 2665-2670 line, and look at the 2653-2658 line if the position is broken;