1.8 Gold oscillates as scheduled, continuing to sell high and buy low during the day
Yesterday, gold shook out as scheduled, and as analyzed in the morning session, the first wave formed a suppression and fell to 2638 at the 2647 line, and the second wave fell to 2642 at 2664. However, our overall profit was good when we were short at 2638 at 2646.3 and short at 2653. Looking at today, the overall volatile market has not changed. Yesterday, the price broke through the four hour upper line, but was suppressed by the acceleration line of the hourly chart, which has already formed a significant suppression for today's four hour upper line. The lower support is the first drop point last night, and the second is the bottom point of the first K-line that fell for four hours on Monday. Therefore, there is no need for too much analysis for today. It is good to be short for the rebound in the Asian market, and then drop to the bottom line. Overall, it is still high and low. Suck.
In terms of operation:
Spot gold rebounded by 2660 short selling, with a loss of 2665. Buy long below at 2623, with a loss of 2618, targeting 10-15 US dollars.
Crude oil: Long position remains unchanged, continuing to rise above the 75-75.5 line, supporting 73-72.5
GBP/JPY： The daily chart continues to be bullish, but it is close to the dense area and has been corrected to weak short for four hours. Therefore, today we will continue to sell short at the 197.8 level.
The above ideas are for reference only. There are risks in the market, and investment needs to be cautious.
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