seize the opportunity of trading in the gold volatility range!

After yesterday's rally and closing positive, gold has so far emerged from a bottoming and rebounding market today, reaching a minimum of 1958.75. It is currently trading near the 1966 position. Judging from today's short cycle, gold prices have not achieved a breakthrough and have been under pressure. In the falling market, gold did not fall to the 1930 area again, and the 4-hour range fluctuation is still there.It is expected that gold will fluctuate in a large area from 2000 to 1950, which is a high probability.

From the fundamental point of view, although the banking crisis has been alleviated, the economic recession and the geopolitical risk-averse market are still there, so it is destined that gold will continue to be in a high and volatile market.

Short-term trading reference:

1.Sell gold near the 1973-1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1952 position, the stop loss level is 1949, and the take profit level is near 1966

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Comment:

Still waiting patiently for gold's trading opportunities

Comment:

Gold is not where we expect it to be

Comment:

At present, the range of gold is limited between 1970-1960, and there is only room for 10 dollars. It is difficult to participate in this room, because you need to avoid the risk of being swept back and forth. So for now we are patiently waiting for trading opportunities.