In today's short-term operation of gold, it is recommended to focus on short-selling on rebounds, supplemented by long-selling on callbacks. The upper short-term focus is on the 2888-2890 first-line resistance, and the lower short-term focus is on the 2830-2834 first-line support.
Short position strategy:
Strategy 1: Short 20% of the position in batches near 2885-2890 in the early trading of gold, stop loss 8 points, target near 2865-2850, and look at 2835 if it breaks;
Long position strategy:
Strategy 2: Buy 20% of the position in batches near 2835-2838 when gold falls back, stop loss 8 points, target near 2850-2860, and look at 2870 if it breaks;
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.