Gold rebounded and corrected yesterday, reaching a high of around 2626 before starting to retreat, which continued until the end of the U.S. trading session, when it fell back to around 2586 again. Yesterday in the TradingView community, I gave a trading strategy for shorting at the rebound line of 2625-32, and friends who follow me can see it. The daily line also closed in the shape of a hammer line, and basically approached the previous day's retracement low point, and then rebounded again in the early Asian morning. This kind of continuous market is also common, and it can be said to be a relatively easy-to-operate situation. Below, we continue to pay attention to the previous low point of 2580-82, and still treat it as a rebound short-selling. From the daily and hourly lines, the bears are pressing step by step, and there is still room for bears.
From the 4-hour analysis, the lower resistance focuses on the 2580-82 line, and the upper resistance focuses on the vicinity of 2607-12. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target position still focuses on breaking the bottom. The short-term long and short strength watershed is 2640. The daily level is under pressure below this position and continues to maintain the main short rhythm of the rebound. Contrarian long orders are cautious and light positions participate.
Gold operation strategy:
1. Gold rebounds to 2607-2612 line short, stop loss 2621, target 2580-2583 line;