3.26 Technical analysis suggestions for short-term gold operatio

In the early European trading on Wednesday (March 26), spot gold continued to rebound in the short term, and the current gold price is around $3027/ounce.

Gold technical analysis, how to operate in the evening? ——

The daily chart of gold shows that gold prices are rising above all bullish moving averages, while setting higher highs and higher lows. The 20-day simple moving average (SMA) has gained upward momentum and currently provides dynamic support around 2954.70. At the same time, after correcting the extreme overbought conditions, technical indicators resumed their upward trend within the positive level. From the 4-hour line, gold prices are fighting against the mildly bearish 20-period SMA, but are still well above the bullish 100-period SMA and 200-period SMA. At the same time, technical indicators are retreating from the midline and slightly lower within the neutral level. Overall, it is recommended to treat gold operations with a wide range of fluctuations today!

Gold operation strategy at night:

Short order strategy: short near 3031 above, stop loss 3040, target near 3010;

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