Gold chicken ribs trend, continue to monitor interval operation
Yesterday, gold opened at $2649.17, with a high of $2657.08, a low of $2634, and closed at $2649.34, closing at a small bullish line. Compared to the previous trading day, gold formed a trend of breaking through its head and feet, but the trend did not continue and eventually returned to the range. This week's review of "Gewu Financial Trend Article 598" mentioned the support rebound of 2620. On Monday, we emphasized that gold needs to pay attention to the range of 2620-2658 first. So far, it has been more than three trading days, and gold is still in this range, with an abnormal trend.
From the hourly chart, the decline of gold 2722 is basically a short-term rebound at the 3x1 line, and then the 3x1 support has been running for quite some time, and then it has fallen back to $2621 near 2666. Recently, it has been running on 4x1 again. Currently, the main focus is still on the range of 2658-2620, with high selling and low buying. If the market breaks through 2658 in the future, it is basically expected to extend to around 2675. Below, there is no way to open up the downward space before 2621 breaks. Pay attention to yesterday's low point first, and then focus on 2621 support. Tomorrow is the non farm day, which falls once a month. It is estimated that there is still a high probability of trouble today.
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