Jin Xiyan:4.20Gold continues to decline at the opening, and may experience a significant pullback after reaching a critical position! Today's Gold Operation Strategy

Jin Xiyan:4.20goldThe opening continues to decline, and the market may experience a significant pullback after reaching a critical position! Today's Gold Operation Strategy


Under the impact of the economic restart in Germany and the United States, gold is bound to fall again. If the epidemic improves, gold will continue to be under pressure and even accelerate its decline! I have always emphasized that the current gold market is a weekly level adjustment. Although the adjustment range is sufficient, the time has not yet been reached and the structure has not been completed. Therefore, we have been constantly warning of risks during the early stage of the market rise! At this moment, gold is still in a bearish trend. Carry on the bearish trend to the end. When the trend comes, be sure to short it in a timely manner. If it rises, don't be afraid to chase higher; if it falls, don't be afraid to chase short. Carrying on the bearish trend to the end is the key to continuous profit taking.





Monday Gold Trend Analysis:


Gold rose last week, fell back, and closed lower. At the beginning of the week, it opened strongly and quickly rose. Highest to1747.50The area is under pressure. Mid week high cross for two consecutive trading daysKAfter the consolidation of the line, the bearish candlestick retraced at the end of the week, breaking through the Qianqi barrier and changing from a strong trend to a correction correction correction with a minimum of1676In the area, this week's opening further continues the pullback, and the weekly closing has a cross with a longer upper shadow lineKThe upward trend of the line and weekly line is gradually adjusted in style. Day chart crossKAfter the line, cooperate with the retracement of the bearish line. Periodic local adjustments. Loss of defense10After the daily chart, the strong upward trend has been broken, and this week we will see a continued decline.


4Hourly breakdown1700Afterwards, there was a continuous bearish trend, and last Friday's trading session was accompanied by significant fluctuations, which played a role in moving the moving average indicator downwards.4Empty hours. The hourly chart, accompanied by consolidation, has been continuously bearish and downward, with the trend starting to fluctuate and retrace. Last Friday's pause correction window1685The nearby area has converted into resistance, and there is a possibility of weak continuation today, so the rebound space is relatively small. Asia Europe rebound relies on1685Continue to follow the trend of resistance nearby and see a decline. Pay attention to below first70Support near the checkpoint, once it breaks, it will experience a significant pullback.






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