February 19 Spot gold rebounded slightly in the Asia-Pacific session on Tuesday and continued to fluctuate. At present, the gold price is trading around 16 13.6, and the following focuses on the competition for the first line of 16 10.

Yesterday, the spot gold was the highest 16 19 and the lowest 1607, and closed at 16 10. The daily line is small, the lower shadow line is red, and the T-shaped line is inverted. Asian markets rebounded throughout the trading day, while European and American markets showed a downward trend.

Looking at the whole disk, today's gold price will not fluctuate too much, and the range fluctuation will be the mainstream; The weekly line has broken through the 100 weekly moving average, and the daily line is still short. However, after a few days of decline and yesterday's operation, the daily line has a short-term bottoming trend, and the disk is seriously oversold, which is in urgent need of oversold rebound.

Considering the major factors, the United States used the Spring Festival to lock in China investors, so even if the rebound is not too high, 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 to bottom out (the last week of this month or the beginning of next month is the time point), and there will be low-level shocks this week.

When the price of gold is not above 1620 today, don't short it for the time being. At present, the short-term bottom (not the bottom of this callback for the time being) has come out, maintaining the buying strategy of high and low. The gold reference positions are 16 10 and 1604, and the stop loss is 4 points respectively, and the target is 1 17-65438.

At present, bears are the mainstream, and many orders temporarily maintain a short-term rebound. This week, there will be no big market at present. In the afternoon, the gold price 1620 and 1626, and the stop loss 1632. In the afternoon, it is 16 1600.

According to the gold market center, today's gold price is 14: 13, 16 13.77 USD/oz.