Gold is trapped in a range

dün

After the gold market opened in the morning, it fluctuated around 2897. The price then dropped to a low of 2883, but then quickly rebounded to near the opening price, but eventually fell back to a low of 2883. At present, the gold price seems to be locked in a narrow range of 2897 to 2881, showing a volatile trend.
The long orders previously arranged near 2885 have been successfully closed near 2895. This operation not only demonstrates our keen grasp of market dynamics, but also reflects our flexible trading strategy. Entering the European session, the gold market still maintains a weak pattern, showing that there is a certain pressure from above. The upper resistance level is firmly located in the range of 2897 to 2902, while the lower support is relatively stable in the range of 2883 to 2878. In the face of the current market structure, we suggest that investors continue to focus on callbacks and do not forget to seize the opportunity of rebounding highs.
It is recommended to short at the rebound of 2895-2900, with a stop loss at 2907, and the target is 2980-2970.

5 saat önce

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