Go long at the current price of 1943, target 1953-1955
The golden weekly line closes the inverted T cross star pattern with a super long upper lead, and the double dead cross of the moving average and MACD continues to increase in volume. This week, gold is still mainly short! The daily gold closed at the Yinxian line last Friday. The entity broke through the 5-day and 10-day moving averages and closed below the moving averages. Today, the strong pressure is on the 1955 and 1960 lines. From the hourly and 4-hour charts, gold has passed through last Friday’s non-agricultural data. Bearish, the direct fall of gold has caused the indicator to be seriously oversold. Today, gold has a short-term demand for a rebound and repair indicator. If gold does not rebound and the repair indicator will not fall too much again, it is expected that gold will usher in the second wave after the rebound of the 1955 first-line repair indicator today. Falling, comprehensively speaking, gold is first long and short!
Gold operation:
Go long around the current price of 1943, increase in batches around 1940 and 1942, stop loss at 1936, target 1955-1958
Go short around 1955, add short in batches around 1958 and 1960, stop loss 1965 target 1941-1932
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