Gold volatility intensifies. Waiting for direction?

The price of gold fluctuated greatly this week, which means that the end point of sentiment will not disappear so easily for the time being; in the short-term K-line pattern, there are continuous ups and downs. If you want to trade steadily, you can wait and see for a while.

From the hourly chart, the MA5-day and 10-day moving averages cross downward, and the RS indicator hovers around 40.7. This shows that the market trend is weak. The current price has bottomed out near 3310 and rebounded to fluctuate around 3320. The price may continue to decline after a slight rebound.

Today, focus on the long opportunities near 3305 and the pressure position above 3345.

Quaid has always believed that only by insisting on detailed analysis of the market and reducing losses, can we slowly accumulate the principal of the account.

Good luck to everyone.