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Summary The four-hour gold price chart shows that the international gold price continues to fall, quickly falling to the first line after breaking the support level. The renewed strength of the U.S. dollar index was the main reason for the decline in gold prices. However, the U.S. index fell back quickly after rising high, but the rebound in gold prices was very limited, with the daily line closing at the negative line. Gold prices are currently trading near the lower track of the downward channel, and the downward trend remains intact. In the four-hour chart, the MD green column of the short moving average is growing again, the fast and slow lines are showing signs of flattening at the low level, and the short-term decline has eased slightly.
Spot gold operation strategy: Mainly shorting when the white market rebounds. You can continue to hold the short orders near yesterday, and move the stop loss down to. The price of gold in the white market rebounded to a nearby short position, with a stop loss of US dollars, and the target was to hold the position. Test the first-line support for the first time in the day, go long, stop loss in US dollars, target,.
Support position
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