1.7 Technical analysis of short-term gold operations

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On the daily chart, gold has encountered resistance since its half-month high, and has fallen into adjustment in the short term. For the upper pressure of gold, pay attention to the current intraday high of $2,660, which is also the high point of gold price bottoming out and rebounding after falling on Monday, followed by the high of $2,650 on Monday; for the lower support of gold, pay attention to the support position of range oscillation after gold price bottomed out on Monday, $2,632, where gold price fell back several times and stabilized, which is also the current intraday low, followed by the lower track of the 4-hour Bollinger band of $2,622. The 5-day moving average and MACD indicator slightly crossed upward, the RSI indicator slightly crossed upward, and the KDJ indicator crossed downward, showing that the short-term technical side is slightly dominant.

Intraday reference for gold: After gold rose and encountered resistance, it started to fluctuate in the range in the short term, lacking new news to guide the direction. It is recommended to treat it with a fluctuating mindset in terms of operation. Pay attention to the upper pressure of $2,650, followed by $2,660, and pay attention to the lower support of $2,632, followed by $2,622.
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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