Gold technically remains under pressure at the 3345 level amidst volatile trading, continuing its recent downward trend and bottoming out. The US market briefly accelerated its decline in the evening, breaking through the 3302 level before rebounding and closing weakly in a volatile market. The daily K-line closed with a medium-sized bearish candlestick pattern, suppressing the decline and breaking the bottom. The daily chart has maintained a bearish trend for four consecutive trading days, and the short-term bull-bear strength dividing line has shifted down to the 3355 level. Under pressure below this level, the daily chart maintains a bullish trend. If your current trading is not ideal, I hope I can help you avoid investment pitfalls. Welcome to communicate with us!
Based on the 4-hour chart, the key resistance level above is 3355. Short-term resistance above is the 3340-45 area. During the day, based on this level, continue to short and watch for a pullback, maintaining a trend-following approach. I will provide detailed trading strategies on the homepage link, so please stay tuned.
Gold Trading Strategy:
1. Short gold on a rebound near 3340-45, and cover your short position at 3355. Stop loss at 3363, target 3300-3310. Hold if it breaks through.
