Technical analysis of gold: Gold is currently maintaining a high range of fluctuations in the daily trend. In the morning, gold opened with a gap and fell to the lowest level of 2724, then filled the gap and rose to the resistance level of 2745. It is still hovering around the 2738 level and fluctuating sideways. It is still under pressure. In addition, the four-hour chart of gold has gone out of the oscillating upward trend at the top, and the sideways fluctuations are increasing, and the fluctuation range is narrowing. This is the performance of the fierce game between long and short in this range. Now the situation in the Middle East has eased, and the risk aversion has begun to subside. Today, it fell down under pressure near 2745, and basically remained in the range of 2745-2725 for back and forth fluctuations. The upper short pressure is relatively obvious. The 2750 mark has not been crossed many times, showing a peak signal in the short term.
The 4-hour moving average is in the Bollinger Band range and is trading sideways. As the saying goes, it is cold at high places. Since the bull market has not reached a new high, we can arrange short positions to watch the callback stage. The 1-hour moving average of gold has a high-level multiple top structure. The 1-hour moving average of gold has not turned upward to form a golden cross. The gold bulls are still limited, and the 1-hour moving average still shows signs of turning downward. Gold rebounded below 2745 in the US market and continued to be shorted at highs. The current price of gold at 2744 can be shorted first