Gold's decline under pressure is in line with expectations!From the perspective of the gold hourly line, the morning closed with a full sun, effectively breaking through the resistance of yesterday's 3360-3397 box. Therefore, it is definitely necessary to try to confirm the continued bullish trend after a pullback. The continuous diving in the afternoon refreshed the intraday low, which can only mean that the market is washing out, and all the long and short positions are driven out, and then brewing again; If the European session remains weak below 3350, there may be some room for further decline tonight, but the continuity may not be great, and it is easy to stabilize and bottom out and pull up; the current support is 3320, 3315, and 3305. If a stabilization signal is touched around 22:00, it is bullish. I personally think that there is limited space below 3300, and resistance is 3360, 3365, and 3370. If a pressure signal is touched around 20:00, it will fall back first; if it returns to above 3370, the trend will gradually become stronger, and it will be treated as a wide range of fluctuations for the time being;
On the whole, today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is 3370-3375 resistance, and the short-term focus on the lower side is 3280-3290 support. Friends must keep up with the rhythm.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3365-3370, stop loss 10 points, target around 3330-3305, and look at 3290 if it breaks;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3285-3290, stop loss 10 points, target around 3310-3330, and look at 3350 if it breaks;
