4.24 The Fourth's Midday Gold Trading Ideas Share


In the morning, gold surged to a high and faced resistance before pulling back, gold prices touched the 4711 high point and then quickly declined, the lowest dipped to 4657 before stopping the fall and rebounding, current quote is 4673.

Technically, gold tested the upper band of the Bollinger Bands resistance and was pressured to fall back, briefly broke below the middle band, touched the lower band support, and then rebounded slightly. Currently trading below the middle band, with fierce battle between bulls and bears, the overall market is oscillating and entangled.

On the news front, the residual safe-haven demand from geopolitical risks is slowly being digested, the dollar's continued fluctuations are restraining gold prices, market trading is cautious, with balanced buying and selling forces, and no clear short-term directional trend.

In terms of operations, consider short positions at high levels with resistance, entering within the 4690-4715 range, targeting the 4650-4630 zone, strictly control risk, and set stop-loss orders. #现货黄金
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin