Gold focuses on the upper resistance 2620-2622

8 ott

From the 1-hour market, gold has shown new downward space. It is expected that the 2600 mark may be lost, and there is still downward space in the future. However, it is not recommended to rush to short in terms of operation strategy. Although the current market is weak, if there is a rebound, the rebound is expected to exceed US$20.

Therefore, it is recommended to adopt a conservative strategy and wait patiently for gold to rebound and adjust before shorting. On the upper side, the first pressure level to focus on is 2620, and the further pressure level is 2630. If gold rebounds to 2620, consider light positions to arrange short orders.

At present, the bulls are weak, and the bears may dominate the market. Next, we will continue to pay attention to market dynamics and trend changes.

9 ott

Trade attivo

Gold Trading Strategies

🎯Strategy 1: Gold Sell 2623-2625, stop loss 6-10 points, TP 2610-2600, break the position and look at the 2590 line✅

🎯Strategy 2: Gold Buy 2590-2592 , stop loss 6-10 points, TP2600-2605, and look at the 2610 line if the position is broken✅