Jinrong China: Gold surges high, falls back, and fluctuates, with more short-term fluctuations

Fundamentals:
Thursday（9month10day)goldPrice maintenance1941-1966Interval oscillation, daily closing with a long up shadow cross star.
Today's data        

Technical aspect:

        On the daily chart, the gold daily chart closes with a long up shadow cross star, currently operating near and above the short-term chart,5Japan and Japan10The daily moving average is flat and adhesive, while the mid-term line is flat,MACDWalk flat,KDJRunning upwards, there is no obvious direction for the indicator.
        The fundamentals of gold have not changed significantly, and due to the impact of the pandemic, the global economy is still sluggish. Therefore, loose policies will continue, which is the fundamental driving force behind the rise of gold this year and provides strong support for bulls. At present, the global epidemic growth is still at a high and fluctuating level, and there has not been a real downward trend, indicating that the situation has not truly improved. The impact may continue until the end of the year. The timing can focus on changes before and after the US election, which is important and may lead to a major turning point. However, it is still early, so the overall fundamentals are still favorable for gold bulls. It is difficult to truly turn short in large fluctuations, Once it stabilizes, there may still be a significant increase, and it is difficult to say whether it has peaked. It is best to wait until an important time point before making a judgment.
        Technically speaking2075After a major diving in the vicinity, it fell into a period of oscillation and convergence. Currently, the space for oscillation and turbulence is gradually shrinking, and it is moving in a triangle to converge the oscillation market. It has been oscillating for a month, and this trend will eventually accumulate momentum and explode again. However, it is difficult to determine the direction. Of course, if there is no significant change in the fundamentals, it is still more inclined to move upwards.
        Gold broke through yesterday1950-1955The highest pressure rises to1966Nearby, but fell back again in the market1940Near the top, there is volatility, and the daily chart also shows a long up shadow cross star, which creates suspense. It cannot be said that it will continue to rise in the short term, and it cannot be ruled out that it will fall back and explore the bottom again. Unless it continues to close with a bullish chart today, in the short term, we can only watch the volatility first. If it continues to rise today and breaks through yesterday's high, the short-term bulls will need to exert their strength. Follow today for the day1940-1966Breaking through the range and hitting the trend line pressure upwards1975Nearby, if we break through here again, we'll have to impact2000At the checkpoint, of course, any significant pressure in any segment can be hindered and one can try to short it, as it rose to yesterday1966Breakthrough by space1950The rear code needs to be impacted1975Nearby, so as long as it doesn't continue to decline and weaken today, there is still a possibility of achieving the upward target again in the near future. So, if it doesn't fall below today1940Previously, the majority was low.(Band Midline Trading Opportunity Reminder:1900Multiple light warehouse layouts near and below,2000Empty orders in the light warehouse layout above, in the1862-2075Sell high internally and buy low.)

        4Hourly rise and fall, currently operating near the short-term line. The short-term line is flat and sticky, while the medium-term line is flat and has no direction,MACDSmooth bonding,KDJRunning downwards, the direction of the indicators is not clear.4Yesterday, the hour rose and broke through1950Rear shock1966Quickly falling back, currently fluctuating near the short-term line and still above the trend line support, supporting1940Nearby, this place can stabilize today and continue to fall much lower. If it falls below and stabilizes, it is really possible to fall again and test the bottom again1900Support, of course1940After stabilizing, it is expected to continue to move upwards. Let's take a look first1975Pressure, then2000In the short term, the main focus is on the low side.
pressure1966-1975-1993-2000-2015-2050-2075
brace1940-1920-1900-1880-1862-1800-1700-1600
Spot gold:
1.   1940-1945Long light position, stop loss1935, Objective1955-1966-1975-1990-2000-2015-2030-2050
2.   1975Short and stop losses in nearby light positions1980, Objective1970-1960-1950-1920-1900