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London Gold one-hour market analysis!
#成长值抽奖赢金条 The current London Gold market belongs to a technical rebound after being oversold, not a trend reversal. Short-term trading ideas;
1. Long position strategy
1. Entry range: 4500~4515, stabilize and lightly go long
2. Stop loss: below 4488 (breaks the foundation of this rebound's upward momentum, invalidating the rebound structure)
3. First take profit: 4570
4. Second take profit: 4595 (short-term strong resistance level)
2. Short position strategy
1. Entry range: 4585~4595, under pressure and lightly go short
2. Stop loss: above 4608 (breaks through resistance, turning into a slightly stronger trend)
3. First take profit: 4540
4. Second take profit: 4510
3. Key turning point watershed
Hold above 4600: oscillation slightly strong, can follow the trend to look for a rebound towards around 4620
Break below 4490: winter is over, the market returns to weakness. Look down to 4450, 4400 support levels. This is my personal opinion. Technical analysis is for reference only!