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From the four-hour level, after breaking through $2,665, gold accelerated its rise, reaching a peak of around 2,697. According to the extension line, it can be inferred that the resistance level is around 2,727, and the support level below is moved up to around 2,680. If this level is not broken, there is a probability of continued upward movement. The 1-hour moving average of gold is still a golden cross and the bulls are arranged upward. The gold bulls will continue to exert their strength. After gold breaks through 2,665, it will be long near 2,680 on Monday. If it is strong, it will be long near 2,682 first. However, the daily support is near 2,670, that is, if the market fluctuates and touches here, it can be long. The target is around 2,700-2,710. If it does not break, it will be short. If it breaks and falls, it will continue to be long. The trend is relatively clear and does not require too much analysis. On the whole, the short-term operation strategy for gold next Monday is to buy on pullbacks and sell on rebounds. The short-term focus on the upper side is the 2710-2720 resistance line, and the short-term focus on the lower side is the 2670-2677 support line. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, and set stop loss strictly.
Reference for gold operation strategy next Monday:
Short order strategy:
Sell gold at rebound 2707-2710, SL 2716, TP around 2690-2680, and break through to 2675.
Long order strategy:
Buy gold at 2678-2680, SL 2672, TP around 2690-2700, and break through to 2720.