Wang Chao: Views and Strategies of Spot Gold Trading on Monday J

Wang Chao: Views and Strategies of Spot Gold Trading on Monday June 15

Direction: Oscillation

Spot gold surged and retreated last Friday, while U.S. stocks advanced all the way.
The peak was 1742.78 U.S. dollars/ounce, and U.S. stocks began to fall back after opening to below 1730 U.S. dollars.
As of the close, spot gold rose 0.13% to 1729.65/ounce.

Technical analysis: in the third wave of monthly rise, the weekly price will be adjusted back to the 50-day average and the rally will remain unchanged. The general direction of the multi-headed business will remain unchanged.
The short-term 1745 setback is expected to fall back near 1670, the low point of previous shocks.

The mid-term outlook is bullish 1800-1900;
In the long run, if it breaks through 1920, the market outlook is expected to rise to a height of 2700-3700 USD in 5-10 years.

Short-term trading strategy: (intraday tips)

Medium and long term trading strategy: short near 1730, stop 1746, target 1690-1670; (held)
The above strategy is for reference only. Please stop loss strictly, control positions and operate rationally.

Conservative operation mode: when the profit reaches 1:1, half the warehouse and set up capital loss (drop the bag first and then let the profit continue to run)