2.4 Gold analysis and operation suggestions

2.4 Gold analysis and operation suggestions

Technical support confirmation:

Top and bottom conversion position 2804: The previous resistance level was transformed into a key support after breaking through, becoming a long defense point.

Daily support 2793: If the price unexpectedly falls back deeply, you need to pay attention to this position, but the strong market may not touch it.

Operation plan
Entry point:

Ideal long area: 2804-2807 (near the top and bottom conversion position), you can build positions in batches.

Aggressive strategy: If the price continues to consolidate above 2820 and there is no sign of a correction, you can chase long positions with a light position, but you need to strictly stop loss.

Stop loss setting:

Below 2799 (about 8 points from the entry point) to prevent false breakthroughs or trend reversal risks.

Target profit:

The first target is 2825 (previous high or short-term resistance), and some positions can be closed here.

The second target is 2850 (medium-term psychological barrier), and the remaining positions can be protected by stop loss to seek trend continuation.

Summary
During the US trading session: focus on the price support in the 2804-2807 area, combine the real-time K-line signal decision-making, and avoid guessing the top against the trend. If the market strengthens as expected, it can gradually rise to 2850; if it falls below 2793, it is necessary to re-evaluate whether the trend is reversed.

I will announce the specific operation details below the article 1-2 hours after the US market opens.