Gold is short 44-47, patiently waiting for the retracement
Gold rebounded again yesterday and once again set a new high in the near future, reaching around 48. In the short term, It also continues to maintain its consolidation above 40, but the performance during the day is flat and there is no intention to advance. This may be related to Friday’s non-farm payrolls. Generally speaking, this week, although there has been a breakthrough, the volatility is not large, so this week The non-farm payrolls of 5 are what we are looking forward to, and should once again make a new unilateral trend. At present, gold continues to maintain a small fluctuation. It is no longer recommended to enter the market in the short term, while the upper pressure remains around 48. , at the same time, today is also the last trading day of this month, and the monthly line will also close. According to the current form, the monthly line will also close at the negative line form of the lower lead, and the daily line will continue to rise, and the support below will also A series of barriers have been formed. First, the first support will be maintained at the 35 line, and the second support will be maintained at the 25 line. In the short term, we are still relatively short on gold. If it reverses around 46-47, we will continue to short, and the target Looking at 35-25, the loss is 52.5.
Trade active:
The current trend is still according to my inference, pay attention to the trend and future news
Trade active:
Friday's final rally was basically what I said