6.6Analysis of gold operation

Through the analysis of the hourly chart of gold, we know that since gold bottomed out and rebounded yesterday, it is currently oscillating at a high level. From the attached picture below, we can clearly see that in the process of yesterday’s decline, we can clearly see that the main bulls continue to increase their positions. This led to a wave of rebound. At present, during the period of high sideways volatility, the main bulls have obvious signs of fleeing, indicating that the market will have a wave of downward adjustments. In the short term, we can go short first, and then go long at the lower support level. Specific suggestions as follows:

Gold 1965 short, stop loss 7 dollars, take profit 15 dollars;

Gold 1951 and 1947 were long respectively, with a stop loss of 7 dollars and a stop profit of 20 dollars.

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