Analysis of gold trend next week

2 days ago

Analysis of gold trend next week:
Based on the current news, data and technical aspects. The trading strategy for next week will be mainly short selling at high levels. First of all, the first pressure level 2638-42 will be the main reference pressure level. Gold can continue to be short when it reaches around 2638-42. The short-term pressure level 2632 will be our final As a defensive position, as long as gold does not break through the 2642 line and stands firm, gold will still maintain a short trend. The closer the price is to 2638-42, the more beneficial it is for us to be short! From the daily and hourly lines, the shorts are pressing step by step, and there is still room for shorts.
From the 4-hour analysis, the upper resistance focuses on the 2638-42 line, and the lower support focuses on the 2586-92 area. The intraday pullback relies on this position to continue shorting at high levels, and falls back along the short trend. The daily level is under pressure below this position and continues to maintain the high shorting rhythm unchanged. If you buy more against the trend, please be cautious about the buying point, enter the market with a light position, and strictly set a stop loss.

Gold operation strategy:

1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593;

2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;