Gold Trading Strategy Analysis, October 14

14 окт.

Judging from the daily chart, the price of gold has closed positive for two consecutive days, pulling up above the short-term moving average (MA5), and other periodic moving averages (MA10 and MA20) also show an upward trend. The Bollinger Bands showed signs of flattening as a whole, and the MACD double lines also showed signs of flattening. The green kinetic energy column shrank, indicating that although the daily trend has rebounded to a certain extent, it has not yet fully turned strong. The current price may need to undergo some adjustments before it can stabilize, and further repair processes need to be paid attention to during the day.

In early trading today, the price of gold jumped short and opened lower, falling quickly by about 10 US dollars, hitting the lowest line of 2,643 US dollars, and rebounded after forming a new short-term support platform in this area. The price just touched the moving average system during the callback process, showing that the short-term support is relatively obvious.

From the 4-hour chart, the current gold price is compressed and oscillated in the range of $2,640-2,670. After the price touched the previous pressure zone (near 2,670), the strength and continuity of the retracement were not strong, and the short-term trend showed that the technical pattern was gradually repaired. It is expected that during the European and American trading hours, the trend of gold will remain volatile and strong.

On the 1-hour chart, the price of gold shows a short-term need for adjustment and repair, indicating that there may be some consolidation in short-term trading.

In the morning, the price of gold bottomed out and rebounded. Next, we need to pay attention to whether the European session can withstand the pressure and continue to rebound. Ideally, it should form a situation of breaking through the previous high. The upper pressure level is maintained in the range of $2670-2673. If the price of gold rebounds to around $2667-2670, we can consider trying to short it, because when it is sideways at a high level, it may reverse at any time. It is risky to continue to pursue long positions at present, so we need to operate with caution.

On the whole, today's short-term gold operation ideas suggest that shorting at high positions is the main method, and longing at low positions is supplemented.
The upper short-term focus is on the 2667-2670 resistance range
The lower short-term focus is on the 2640-2643 support range

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⚠️The trend of the gold market may change rapidly, and the trading strategy may be adjusted in real time. Investors are advised to place orders carefully and manage account funds and position reasonably. If you have no sufficient confidence in the transaction, you can contact me at any time, and I will be patient with a professional perspective to provide you with guidance, and strive to help you achieve long -term and stable benefits.