After opening in the morning of the golden day, the price quickly reversed again around 2178 and then stopped. However, under the previous day's decline, the early morning countertrend generally has poor continuity, and the end of last week also ended with a negative line for shorts. So the morning upward move is likely to be another washout by the bears, and the performance of the European market during the day directly proves this. Currently, the European market continues to retrace around 2163, and the primary support below will also remain at 2163. Last Friday’s low was near 2156.
The current trend of the hourly line is basically around the bearish situation. After the small shock, there will be a new wave of decline. However, it reversed in the morning and the European market fell. Then the operating idea of the US market is still short. You can still go short if you enter the reverse draw before the US market in the evening, and with the decline of the European market, the upper suppression port is likely to continue to move downward. I will give you specific operation strategies during the market, so please pay attention in time.
Gold operation strategy:
1. Go short when gold rebounds from 2180-2185, stop loss at 2193, and target the 2160-2165 line;
For actual market participants, considering that some market windows have a certain timeliness for real trading, you can follow the author so that you can choose an appropriate strategy for operation. I have in-depth research on gold, crude oil, silver and other commodities. If you have trouble placing orders or your investment often shrinks, then you can follow me.