Looking at the intraday trend, the intraday market has re-entered range shocks. The gold price trend in the last 4 hours shows that after hitting resistance at $1983, the gold price once again fell into a downward shock. The main resistance above is at $1985-1990, while below there is support at $1932-1930. This forms a large range, between $1930-1990. At present, the market disk shows that the price of gold is still in a state of downward shock, and it is expected that this shock may not end yet. Therefore, the probability of retesting the strong support level of $1930 is higher. Once this level is broken, the price of gold will continue to press downward to the integer mark of 1900 US dollars. If the price of gold can hold above $1,930, there may be hope for a rebound in the market outlook.
On the whole, today's operation relies on the 1950-1970 long-short cycle to participate in the shock. Today's support level focuses on 1945-1950, and the upper pressure level focuses on 1970-1975. Short operation once
GOLD sell@1970-1975 tp 1960 -1950
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