From a technical perspective, the Bollinger Bands as a whole are still upward, the MACD indicator golden cross continues to increase in volume, and the KDJ indicator also shows sufficient upward potential. Therefore, as a whole, the daily line is volatile, which does not mean that the weakness will continue, and the bullish outbreak may occur at any time. From the 4-hour chart, the gold price opened higher this morning, and the short-term moving average extended to the 2500 area, which means that the support is still moving up. As other periodic indicators maintain a bullish arrangement, the Bollinger Bands continue to open upward as a whole, the MACD indicator golden cross shows signs of top divergence, and the KDJ indicator three-line adhesion is blunted, and the bullish rebound can still be expected.
It is recommended to do more at low levels for gold intraday operations. For the support level, pay attention to the 2493-2495 area first, and you can participate in long orders. Focus on the 2483-2480 area. If the bears break down strongly, it means that the downward space will expand, and then you can see the test of the support around 2460. As for the resistance level, continue to pay attention to the historical high of 2509, but now I think we need to make some changes. At present, most investors in the market attach great importance to the 2509 area, and there must be many people who short here, but can the market really make everyone happy? I think either do not give short opportunities, or break through with a slow rise. Judging from the trend during the Asian session, the price of gold has started to rebound since 2500. Although the current amplitude is not large, the high point is still constantly refreshing, which will undoubtedly lay the tone for the slow rise of the market. If 2495 is the intraday low, then according to the volatility space on Monday, there is a high probability that the upper side will see the 2530 area, and it may even trigger a large number of buying interventions in the market, causing the gold price to hit a higher point.
On the whole, today's short-term operation of gold is recommended to focus on long positions in callbacks, supplemented by short positions after rebounds. The upper short-term focus is on the 2530-2535 resistance range, and the lower short-term focus is on the 2500-2495 support range.