Analysis of gold operation strategies and market trends

Yesterday, Monday, the price of gold opened high and continued to rise. In the morning, it started to rise directly from the closing price of 2564 last Friday. The first wave rose directly to around 2577. 2580 was the highest point of the second rebound after the decline. At the same time, 2590 was the low point of the previous multiple declines and rebounds. The break of these two points shows that the strength of the price of gold is very clear. This morning, the price of gold rose directly from the closing price of 2610 yesterday. The strong trend remains. The first wave touched the 2626 line in the morning. The European session rebounded again. Then the trend of the US session tonight is also relatively clear. If the impact of the 2638-40 line is not broken, you can consider taking a short position near 2640. If it falls back from below 2630 to 2612-14 again, you can still take a long position

Judging from the current 4-hour gold trend, the upper pressure focuses on the 2638-40 line, and the lower support focuses on the 2606-2610 line. In terms of operation, we first conduct long-short games in the range and patiently wait for key points to enter the market.

Gold operation strategy:

1. Short gold rebounds to the 2640 line, stop loss 2646, target 2610-2613 line, break to see 2600 line;

2. Go long gold when it falls back to the 2606-2610 line, stop loss 2597, target 2636-2640 line;
Chart PatternsHarmonic PatternsTrend Analysis

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