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How to look at the real-time market trend chart of gold

I'll give you the latest yellow implementation trend

On February 19th, the spot gold rebounded slightly in the Asia-Pacific session on Tuesday, and continued to fluctuate. At present, the gold price is trading around 1613.6, and the following focuses on the competition for the first line of 161.

Yesterday, the spot gold was the highest at 1619, the lowest at 167, and closed at 161. The daily line closed down, and the shadow was red and inverted T-line. The whole trading day showed a rebound in the Asian market, and the European and American markets fluctuated downwards.

on the whole, the price of gold will not fluctuate too much today, and the range fluctuation will be the mainstream; The weekly line has broken the 1-week moving average, and the daily line is still short-selling. However, after several days of decline and yesterday's operation, the daily line has a short-term bottom trend, the disk is seriously oversold, and it is also in urgent need of oversold rebound.

Considering the big factors, the United States used the Spring Festival to trap China investors, so even if it bounces back, it will not be too high, and it is impossible for China investors to untie themselves in a short time.

In addition, from the time point of view, there is no condition for a sharp rebound and bottoming out (the last week of this month or the beginning of next month is the time point), and this week, we will see a low shock.

don't short the gold price today until it reaches 162. At present, the short-term bottom (not the bottom of this callback for the time being) has come out, and the buying strategy of falling back is maintained. The gold reference positions 161 and 164 are stopped by 4 points respectively, and the target is 1617-162-1626.

bears are the mainstream at present, and many orders temporarily maintain a short-term rebound. Seeing the shock this week, there will be no big market at present. In the afternoon, the gold price will go up to the first line of 162 and the upper line of 1626 with a stop loss of 1632, and in the afternoon, it will be broken at 1616-16.

according to the gold market center, at 14: 13 Beijing time, today's gold price was reported at $1,613.77 per ounce.