Key fluctuation range of gold price: 3300-3345
As shown in Figure 4h
It is expected that the gold price will still fluctuate widely in the range of 3280-3440.
However, the special thing is that the gold price trend has broken through the support of the long-term upward trend, and the triangular oscillation convergence structure has been destroyed.
The important ranges to pay attention to next:
Pressure zone: 3330-3345
Support zone: 3300
Through technical analysis: Obviously, intraday trading is mainly based on high-altitude thinking.
It should be noted that 3300 points is an important watershed between the bull market and the bear market, so there is definitely no shortage of bargain hunting chips.
Be cautious about bottom-fishing.
In the next few days, the trend of gold prices will focus on the fluctuation performance of the 3300-3345 range.
Operation strategy:
Buy: 3300-3310
Stop loss: 3295
Target: 3320-3345
Sell: 3330-3340
Stop loss: 3350
Target: 3300-3280
Buy cautiously at low prices, and try to short at high prices