12.16 Gold Short-term Operation Analysis
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The gold market rose and fell last week. At the beginning of the week, the market opened high at 2645.1 due to the risk aversion factors on the weekend. The market first filled the gap and gave 2626.1. Then the market rose strongly. By Thursday morning, the highest point of this round of impact target 2726.2 was touched. After that, the market took profits and the negative fundamental factors suppressed the market to fall rapidly. The weekly line finally closed at 2648.6. The weekly line closed with a shooting star pattern with a very long upper shadow. After the end of this pattern, the weekly line has technical adjustment pressure, and the target of this round of testing is still the weekly level Bu Lin middle track support. In terms of points, if it rises first in the morning, give 2667 shorts and conservatively give 2670 shorts and stop losses at 2674. The lower targets are 2655 and 2645. If it falls below, this week's targets are 2640 and 2631 supports. If it still breaks, look at 2623 and 2612 near the extreme adjustment points of this round to exit and reverse trend long positions.
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Short-term operation: BUY:2645 Defense:38 Target 60
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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