On the daily chart, after gold surged higher and fell back, the 5-day moving average changed from an important support line for this round of rise to the main pressure line for the short-term trend. The gold price rebounded on Monday and Tuesday, but encountered resistance and fell back at the 5-day moving average. It is currently running to around US$2035, and the other 10-day moving average runs to US$2031, forming short-term pressure during the day. The current rebound in gold prices is hindered here. The 5-day moving average golden cross is downward, and the downward trend is slightly slowing down. The KDJ indicator is dead cross downward, the RSI indicator is flat after the dead cross, and the MACD indicator is beginning to form a dead cross above the zero axis, indicating that the gold price is in a correction after a continuous rise. finishing stage.
Operation: long around 2020, short around 2040
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