Accurate gold strategy analysis signals

Strategy 1: Short (buy decline) 20% of the position in batches near 2748-2750 in the early trading, stop loss 6 points, target near 2730-2720, break to see 2710

Strategy 2: Long (buy rise) 20% of the position in batches near 2708-2710 when gold pulls back, stop loss 6 points, target near 2720-2730, break to see 2740

Let's analyze the market without considering the uncertainty of the election. From the daily chart, the daily MA5-MA10 is about to stick together to form a dead cross. In the 4-hour aspect, the continuous negative pattern makes the price continue to run below the short-term moving average, and the short-term moving average continues to form downward resistance, among which the 10-day moving average and the 5-day moving average constitute double pressure, and other periodic indicators turn to short arrangement, and the Bollinger band is also biased downward as a whole, so it is conducive to the development of shorts. For intraday operations, it is recommended that gold continue to rely on the high point of 2750 for short-term high-altitude layout. In the morning, we will first look at the test of 2718, and in the evening, we will directly look at the break and extension of 2710. Pay attention to the pressure of 2748-2750 during the day. When the gold price approaches or touches it, we will decisively arrange short orders, and the target is a new low. Overall, today's short-term operation strategy for gold is mainly to short on rebounds, and to go long on callbacks. The short-term focus on the upper side is 2748-2750 resistance, and the short-term focus on the lower side is 2725-2730 support.
Chart PatternsHarmonic PatternsTrend Analysis

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