Gold's chronic finishing up, relying on the low point back last week

Chronic finishing up gold, relying on the low of 1330 last week to do support and defense. After repeated explorations, it did not break. In the end of the period, it went up chronically and refreshed the high of 1344.50. It continued to rise last Friday. The short-term chart failed to suppress the left shoulder. If you want to convert the decline, the daily line should have a way of rushing higher and lowering. Although there is a rushing higher, it has not dropped and closed lower. The next day, it will further strengthen. The daily chart and the weekly line are expected to close higher.

Gold held up the Bolling Road Middle Rail for 4 hours and approached the upper rail to keep its mouth open and upward, without any intention of falling back. At the same time, it stabilized the support near 1330 last Thursday.

Looking at the daily line, the shock rose; the gold price surged back on the previous trading day, and the K line recorded a long shadow cross star, suggesting that the selling pressure above is strong, the high dead fork runs, and the gold price faces the risk of peaking in the short term; the initial support is at The 5-day moving average is near 1336.84. If it closes below this position, it will increase the short-term peak risk; further support is near the 13th June low of 1332.40, and then the 38.2% retracement of the 1266-1358 rally is near the support of 1322.95. However, the gold fork signal continued, and the gold price in the Asian market gained some support in the 5-day moving average. If it breaks the resistance near the June 7 high of 1348.18, it will increase to see the signal. On the whole, today's operational ideas suggest that the callback should be long, and the rebound is supplemented by high altitude. The top line focuses on 1350-1352 first-line resistance, and the bottom line focuses on 1333-1335 first-line support.

Strategy 1: Gold rebounded to 1348-1350 short-selling, with a stop loss of 4 dollars, and the target looked at 1340-1342 first-line;

From a technical point of view, the daily chart MACD dead fork but the green bar began to shrink, KDJ preliminary golden fork, oil prices are supported by the recent lows near 50.60, and the upper side is also supported by the 10-day moving average and the downward trend line. The short-term trend variable ; The resistance near 52.68 of the 10-day moving average has been broken, and the upper space is gradually opening; further resistance is near the overnight high of 53.45, and then last week's high of 54.84. If the support near 51.62 is broken, the short-term downside risk is increased; further support is near 50.60, and then support near the 50-point mark.

Although the MACD and KDJ gold forks are short-term for 4 hours of crude oil, oil prices are suppressed by the Bollinger Middle Rail and the downward trend line. Short-term downside risks remain. Pay attention to the support near the lower Bollinger Rail 50.91. If you lose this position, increase the short-term Bearish signal.

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