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Market News Gold trading strategy on September 28: The price of gold rebounds weakly, it is recommended to continue to short rallies
Gold trading strategy on September 28: The price of gold rebounds weakly, it is recommended to continue to short rallies
Spot gold fell slightly on September 28, short-term shorts were still strong, and the price of gold rebounded weakly. Investors are advised to short rallies.
2021-09-28
7492
On Tuesday (September 28), spot gold fell slightly, short-term short-term strength still prevailed, and the price of gold is expected to fall further. Investors are advised to go short on rallies.
Daily level: The price of gold rebounded weakly. On Monday, it rose and fell and remained stable. On Tuesday, it remained within a narrow range in Asian time.
From a technical point of view, MACD is dead cross and RSI is running weakly below 50, which shows that the current bears are still taking the initiative and the gold price has a greater downside opportunity.
Before the price of gold materially breaks through the downward trend line above, the bulls have reason to be cautious enough to suggest that investors continue to short rallies.
The top resistance focuses on the 10-day moving average at 1760.30, and further attention is paid to the 38.2% retracement at 1778.88 and the 50-day moving average at 1788.05.
Below support is concerned about the low of 1738.12 on September 23, and further attention to the low of 1744.17 on August 11 and the low of 1717.83 on August 10.
(Spot gold daily chart)
Resistance levels: 1760.30; 1776.88; 1788.05
Support levels: 1738.12; 1724.17; 1717.83
Short-term operation advice: short rallies.
GMT+8 13:50, spot gold was quoted at US$1,77.76 per ounce.
Daily level: The price of gold rebounded weakly. On Monday, it rose and fell and remained stable. On Tuesday, it remained within a narrow range in Asian time.
From a technical point of view, MACD is dead cross and RSI is running weakly below 50, which shows that the current bears are still taking the initiative and the gold price has a greater downside opportunity.
Before the price of gold materially breaks through the downward trend line above, the bulls have reason to be cautious enough to suggest that investors continue to short rallies.
The top resistance focuses on the 10-day moving average at 1760.30, and further attention is paid to the 38.2% retracement at 1778.88 and the 50-day moving average at 1788.05.
Below support is concerned about the low of 1738.12 on September 23, and further attention to the low of 1744.17 on August 11 and the low of 1717.83 on August 10.
(Spot gold daily chart)
Resistance levels: 1760.30; 1776.88; 1788.05
Support levels: 1738.12; 1724.17; 1717.83
Short-term operation advice: short rallies.
GMT+8 13:50, spot gold was quoted at US$1,77.76 per ounce.
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