Jinrong China: Gold continues to fluctuate at high levels, pay attention1700-1750Breach

Fundamentals:
Thursday（4month16day)goldPrice maintenance1738-1701The range fluctuates, and the daily line closes with a cross star.
Today's data
No important data            
Technical aspect:

        On the daily chart, the golden daily chart closes with a cross star and is currently running near and above the short-term chart,5Japan and Japan10The daily moving average is still moving upwards, while the medium-term line tends to move upwards,MACDRun up,KDJRunning downwards, the indicator direction is not clear. Gold has recently experienced a surge in prices1450Starting nearby, it has been rising and breaking through all the way1700After the checkpoint, the highest price rose to1747Nearby, in the short term, there is a significant pressure above1748-1755Only by breaking through here can we rise to1800If successful obstruction is not ruled out, it may cause50-100USD adjustment, daily chart looks like if it falls below and stabilizes in the future10The daily moving average and short-term line are stuck in a golden cross, and gold will rebound1600Nearby, limit1550Nearby, there will be another upward trend, and there will not be a mid-term decline before the turning point of the epidemic. The short-term correction, no matter how large, is only a short-term adjustment. After stabilizing, it will still rise back. Therefore, those who want to do a medium-term short position should wait for the turning point of the epidemic, and short-term short positions will depend on the situation1600-1550Out of the market, of course, if the short-term trend continues to fluctuate around or above the short-term line, it is still possible to continue to rise and hit a new high. If it reaches a new high again, it is not ruled out that there will be a shock1800At the checkpoint, the direction of the daily chart cannot be confirmed yet. It is uncertain whether it has turned bearish or just fluctuated and is accumulating momentum to continue rising. We can only walk and see to see important support and pressure. Today's support is at1707-1700and10Support near the daily moving average1690Nearby means even if it falls below today1700It is also likely to bottom out and rebound, but if the closing falls below a stable level1707-1700So in the short term, it really starts to turn short, and the rebound is the beginning of short selling. Today, the pressure is1730-1739-1748If the pressure level is blocked, you can try short selling.
        The global pandemic is still ongoing and showing some signs of easing, but it is not yet clear and is still fluctuating. It has not yet reached a turning point5Has the number of confirmed cases in the month started to significantly decrease? Europe has started to slow down, but there have been fluctuations in the past few days. The United States still does not see any obvious signs of slowing down and may further lose control. We need to continue to pay attention. If the United States cannot control the epidemic, it will greatly affect the economy. Therefore, the Federal Reserve's stimulus policy will not end indefinitelyQEWith the continuation of trillions of dollars in fiscal stimulus plans and the resolution of market liquidity issues, it will be difficult for gold to recover from the previous situation1700Fall to1450This rapid and significant sell-off has led to a sharp drop, and such a loose environment is very conducive to supporting the price of gold, even pushing it to higher levels. It is expected that such fundamentals may continue to persist throughout the entire market4Month by month, see later5Is there a turning point in the month? The worst-case scenario may be6The turning point will only come in the month. Once the future epidemic is under control and the economy begins to recover, the easing measures will naturally be reduced. At that time, gold will peak and fall. Looking at the monthly average, there is still a chance for gold to adjust to the future1400The best time for the next long-term upward trend is near and below, and there is still a chance to achieve it this year, but it may only happen after the epidemic.(Band Midline Trading Opportunity Reminder: Watch and see)

        4The hour is still fluctuating within the high range, currently running near the short-term line. The short-term line is flat without direction, while the medium-term line is moving upwards,MACDRun down,KDJSmooth adhesion, indicators are slightly empty. Gold Rush High1747-1478Falling back, the lowest impact yesterday1700There is a rebound at the checkpoint, and it is currently fluctuating near the trend line, Overall, it is still fluctuating within the high range. Today, we will pay attention to whether the market breaks through the range1700-1748Breaking below the stable trend line support is expected to officially turn bearish, however1690There is still strong support, so don't chase short, you can fall below it1700Impact1690After the rebound is blocked, go short again. Of course, if the decline cannot continue today and stabilizes, then go short again1700You can try to go long above, the pressure above is1730-1739-1748Upsurge, rush high, block short, break through new highs, stop loss, short orders can be used for short-term short orders in the lower band of the game.
pressure1730-1739-1748-1755-1800-1850-1920
brace1707-1700-1690-1675-1600-1570-1500-1450-1400
Spot gold:
1.   1705-1708Long, stop loss1700, Objective1720-1740-1755-1800
2.   1680-1690Long, stop loss1670, Objective1700-1720-1740-1755-1800
3.   1730-1735Short selling, stop loss1740, Objective1710-1700-1690-1600-1550