12.23 Gold price fluctuates and seeks direction

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Gold's overall technical outlook last Friday saw a roller-coaster ride of long and short shocks. After a continuous decline on Thursday, which fell below the 2600 mark the previous day, gold fluctuated slightly throughout the day and rebounded. The U.S. market experienced an acceleration in the breakthrough and breakthrough. Standing above the 2610 mark and continuing the bullish rebound, it It closed near 2622 on Friday. Gold was not strong after opening in early trading in Asia today. It is still too early for gold to say that the trend has reversed.

Gold has begun to fluctuate. There is no unilateral market trend for gold at the moment. Still a trading strategy of selling high and buying low. Gold is under pressure in the short term at 2638-42 and continues to be short. Gold focuses on the resistance near 2650, and the support of the 2600 first-line mark is the first focus below.

From the 4-hour analysis, today's short-term support is around 2610-08, with a focus on the support line of 2586-92, and the upper pressure is around 2638-42. The overall trading strategy is to maintain high short selling as the main transaction and low long buying as the auxiliary trading strategy based on this range. The main tone of cyclic participation remains unchanged. The middle position is always patiently waiting for cautious orders and patiently waiting for key points to enter the market.

Gold operation strategy:
1. Short sell gold at the rebound line of 2638-2642, stop loss 2651, target 2588-2593 line;
2. Buy gold at the retracement line of 2586-2593, stop loss 2575, target 2630-35 line;
Trade ist aktiv
Snapshot
Yesterday, the technical aspect of gold did not continue last Friday's strong bullish rally. Instead, it quickly surged higher in the Asian and European markets and broke through the 2633 mark. It fell back under pressure and fell rapidly. The European market continued to decline and broke through the morning rising point of 2617, reaching the 2617 mark. The price of gold fluctuated weakly near 2610, and the gold price penetrated the 2608 mark downwards and rebounded slightly to close weakly. The daily K-line The closing price rose and fell back to the bardo. The overall gold price showed resistance above the 2633-38 mark. However, the overall technical form is still in the long-short wide range of shocks in the near future. Gold is under short-term pressure at 2638-42 and continues to be bearish. The focus of gold Pay attention to the resistance near 2650, and first focus on the 2600 first-line support below.

From the 4-hour analysis, the key support below today is the integer mark of 2600. If it falls back and stabilizes at this position during the day, you can buy more first and then look for a rebound. The short-term pressure above is around 2633-2638.

Gold operation strategy:

1. Short sell gold at the rebound line of 2638-2642, stop loss 2651, target 2588-2593;

2. Buy gold at the retracement line of 2586-2593, stop loss 2575, target 2630-35;
Trade geschlossen: Ziel wurde erreicht
Snapshot
Gold did not continue the previous rebound trend yesterday, and did not continue to rise. It rebounded and fell as we expected. It began to retreat after touching 2633, and stopped correcting after touching the lowest level of 2607 in the US market. It rebounded again in the Asian morning session and retreated after touching 2621 in the European session. It was also affected by holidays. The short-term volatility was also relatively cold, and there was no great willingness to break through. In addition, the market will be closed for Christmas tomorrow, so today's volatility may not be very large. Although the current daily line is still above the 5-day line, yesterday's negative line retreat also increased the market's short-selling enthusiasm. It is very likely to continue to retreat under pressure in the short term.

Judging from the 4-hour analysis, the key support below is the 2600 integer mark. If you step back to test the low and stabilize this position during the day, you can go long first and then see the rebound. The short-term pressure above is focused on the vicinity of 2633-2638. Overall, rely on this range to maintain high short positions and low low positions. , the main tone of cyclical participation remains unchanged, cautiously pursue orders in the middle position, and wait patiently for key points to enter the market.

Gold operation strategy:

1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593;

2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
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