The gold price is powerless to rebound! 2665 is the top pressure in the horizontal market!
On Monday, the gold price mainly stopped falling and rebounded in the short term for correction. The task for Monday is also relatively simple:
Firstly, observe the strength and continuity of the intraday rebound in gold prices; Based on Monday's trend, the strength of the rebound is weak, with the strong weak boundary around 2675; The continuity of the rebound is weak, with the first pressure level near 2665 in the sideways trend;
Secondly, the main approach for the gold price is to choose a high altitude, follow the small divergence of daily K, and handle the downward trend of range oscillation; The first support position is around 2640, so we focus on the high-altitude approach while preparing for the breakthrough of 2640 support;
Fundamentals: I won't go into too much detail for now. You can refer back to yesterday's and weekend's comments on several fundamental points; In summary, the situation is complex and difficult to predict; The fundamentals have exploded and the market has been stimulated, so we can only follow the market and focus on observation;
In terms of technology:
1: 1 hour temporary sideways correction, which belongs to weak correction, with a horizontal pressure position near 2665;
2: After 4 hours, the random indicator golden cross passivated upwards, but the form was weak. It temporarily supported the lower orbit of BOLL for 4 hours, but the strength of this support was not particularly strong; Therefore, it is recommended to choose high short selling for 4 hours; Near the reference pressure positions of 2665 and 2675, two pressure positions are short selling and bearish downward;
3: On the day K, the random indicator deviates from passivation, and the dead cross gradually decreases. It is recommended to choose a high short selling strategy; Near the central axis support position 2640; Although the central axis is supported, it will not fall below in one breath. This is why the support around 2640 is effective on Fridays, weekends, and Mondays; However, the random indicator of daily K has a dead cross downward, so it is recommended to choose short selling, and follow up with the strategy of breaking through 2640 in the subsequent game;
Overall, today's empty positions are at the pressure positions of 2665 and 2675; Multiple support positions near 2640; Breaking through the 2640 level, the bearish candlestick has fallen below the downtrend and cannot recover or stabilize; Below support around 2600 and 2560; The pressure above is around 2700, 2720/25;
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