Gold remains oscillating within the range, continuing to sell high and buy low within the range!
In the recent market, the decline of gold has stopped, and the range oscillation has been going on for some time. Currently, the market has not made a directional choice, which means that the daily gold price will continue to maintain a fluctuating trend, and it is a downward flag shaped adjustment range. Therefore, for our operational layout, we can keep selling high and buying low in the range!
In a volatile market, our main focus is on the recent direction, which is obviously a bearish oscillation after falling from the top. The energy is still slightly bearish. When selling high and buying low in the range, we should first pay attention to the opportunity of short selling. In the morning market, we still need to wait for the opportunity to appear. The upper pressure is around 3040, and the early rebound is close to short selling. The target for the lower band is around the support level 3010!
Specific strategies
Sell gold 3040 short, stop loss 3048. Target 3025
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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