Spot gold operation ideas on September 7
Judging from the 4-hour chart of spot gold, the price of gold fell further last night. Although the price temporarily slowed down after hitting the support of the rising position on the left, the double line of the MACD indicator is still in the process of dead cross operation, implying the process of falling It may not be over yet, but the KDJ indicator's third-line decline requires adjustment. It is necessary to pay attention to the pressure effect of the two moving averages above MA5 and MA10.
Pressure: 1925-1932-1940
Support: 1914-1908-1900
Suggestions for today's spot gold market operation:
Go short in the 1925-1926 range, target 1921-1916, risk control $3.
Go long in the 1914-1915 range, target 1919-1924, risk control $3.
Break through 1930 and go long, target 1934-1938, risk control $3.
Go short after breaking 1910, target 1906-1902, risk control $3.
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