Gold opened higher yesterday and rose sharply on the daily line. Today, there is still a high point, and it will continue to fall back. The support top and bottom conversion position is around 2598. It's just that this position will not be given for the time being. If there is an opportunity, the market will fluctuate.
Gold rose strongly yesterday. After breaking through 2600, there was no big correction. Gold has basically stabilized at the 2600 line. Gold fell back in the Asian session and continued to be long. The long and short conversion is just a thought. If the gold bulls exert their strength, then continue to be long!
The 1-hour moving average of gold is about to form a perfect upward pattern, so the gold bulls will continue to exert their strength. Gold will continue to be long when it falls back to the 2600 line support in the Asian session.
The first support: 2610, the second support: 2598, the third support: 2586
The first resistance: 2633, the second resistance: 2643, the third resistance: 2663
Trading strategy:
Sell high and buy low according to the resistance and support given above.