Chen Yihan:6.24Will gold rise or fall on Monday? Gold price operation strategy and solution

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On Friday morning in Asia, gold prices briefly broke through per ounce1400The US dollar soared to its peak at one point1,411.83USD, approaching13year9The highest point since the beginning of the month, with an increase of over1.3%The geopolitical tensions surrounding the United States, Iran, and Saudi Arabia have heightened concerns about a global economic recession, following the Federal Aviation Administration's actions(FAA)The ban on flying over the Strait of Hormuz and the Gulf of Oman has raised concerns in the market that a war is imminent. However, Trump suddenly withdrew his call to strike Iran during the Asian session noon, pushing gold prices to recoup some of their morning gains.
goldLatest market analysis:
Short term breakthrough of spot gold1400The US dollar level, and briefly refreshed near6Annual high1411.63The US dollar. But then it gave up most of the gains, now reporting1388.26dollar/ounce. Due to the global central banks entering a loose cycle, coupled with concerns about the geopolitical situation, gold continues to rise. Meanwhile, the global economic slowdown and uncertainty in the international situation have also supported the safe haven buying demand for gold.
From a daily perspective, gold shows a deep pullback after a unilateral increase;KDJHigh position golden fork,MACDThe golden cross continues and the red bar rises, indicating strong upward momentum. The gold price remained stable in the previous trading day2016Annual high point1375.31Above, it has been preliminarily broken1400Integer level, if we can firmly hold onto this position, the future market will be further explored2013year8Monthly high point1433.97Nearby resistance; The resistance at this position is relatively strong, and it is expected that the gold price may experience a correction before breaking through this position. Besides,2013year9Month high point1416.47There is also some resistance nearby;2013year6Month high point1423.81There are also some obstacles nearby. At present, the gold price has given up most of its morning gains and fallen back to a trading day high1393.70Below, we need to be alert to the risk of hitting the top in the short term. From the intraday chart of the past two days, it can be seen that the gold price is1391.70；1386.50and1377.76There are still some supports nearby. Overall, Li Dingyuan's personal suggestion for tonight's trading strategy is to focus on pullbacks and long positions, with rebounds and high positions as a supplement. Attention should be paid to those above1400-1405Frontline resistance, short-term focus below1383-1385Frontline support.
Suggestions for short-term gold operations:
Strategy 1: Gold rebounds to1400-1405Short on the front line, stop loss4US dollars, look at the target1390-1392frontline;
Strategy 2: Gold pullback to1383-1385Long on the front line, stop loss4US dollars, look at the target1393-1395frontline;
Dingyuan Warm Reminder: The above analysis only represents the author's personal opinion and does not constitute specific operations. Due to the timeliness of article promotion, the content is for reference only. Do not bring negative emotions related to investment into life. Investment is based on life, but cannot be higher than life. I hope everything goes smoothly for everyone!
Deconstructing strategy
After being covered, we can perform the following operations based on technical analysis.
1When trapped, according to chart analysis, if the purchased order is at a high level, immediate stop loss is required.
2If the purchased order is in the middle position, you can temporarily observe and wait based on the current situation, in order to find a solution to exit or reduce your position at high prices to reduce losses.
3If the purchased order is at a low level, there is no need to rush to stop losses. Instead, after the purchased order has stabilized and fallen, one should dare to replenish positions at important support levels, dilute costs, and rescue the positions trapped at high levels in the upcoming rebound market.
4If the purchased order is on an upward trend, there is no need to stop loss. Holding it patiently for a period of time will inevitably lead to a decline, and there may even be a possibility of significant profits.
5If the purchased order is in a balanced oscillation trend, there is no need to immediately stop loss. Wait patiently for the order to enter a high level of the oscillation cycle. Once it is resolved or the loss is minimal, it should be decisively exited.
6If the purchased order is in a downward trend, once it is confirmed that the downward trend has formed, stop loss immediately and never have illusions about gains and losses. Any hesitation or hesitation can lead to a deep trap that is difficult to extricate oneself from.
Message
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