Gold daily line hits a new high. Previously, the continuous small Yangxing K-line correction accumulated momentum. Yesterday, the big Yang line closed at a high level with large volume. The trend will continue the next day. The daily line continues to rise strongly. The current K-line pattern has broken through last week's high point and remains strong. In the short term, it is expected to further approach the 2800 integer mark. It continues to hit new highs in strength.
The 4-hour chart shows a continuation of the high-breaking wave pattern. The previous retracement to 2708 stabilized and rebounded, breaking through 2758 to form a conversion high point support and continued strong. Today's Asian session will mainly continue to set new highs, and it is expected that the correction will also be in the US session. Combined with the hourly chart, the Bollinger Band middle track support moved up to 2763. The Asian session is still strong. There are signs of a direct new high and continued strong performance. The room for correction may be relatively limited.
Gold operation strategy: It is recommended to go long when it retreats to around 2768-2763, with a stop loss at 2758 and a target at 2788-2798.