Qin Mingzhou: How to View the Latest Trend of Gold Market Today when Gold Price Continues to Fall

Qin Mingzhou: How to View the Latest Trend of Gold Market Today when Gold Price Continues to Fall
13:02, May 24, 2024 Market information

Analysis of gold market trend:

On May 24, gold's short-term choices were all horizontal and empty; Near the pressure position 2385 of the cross plate, near the pressure position 2395 of the top bottom conversion; Therefore, the horizontal short selling and bearish downward operation is selected; During the day, it is empty near 2375, and empty near 2371. These are the trends of ticket delivery; The position near the middle track support position 2349 of Ri K, therefore, the middle track support 2350-2348 of Ri K is directly stuck here; The rebound of the US market on the Japanese K-axis track reached 2365, and the profit was still considerable. The rebound did not continue, but continued to be weak, indicating that the overall market short sentiment was relatively strong; It also fell in consecutive negative periods, bringing the price back to the broad range of the daily K level, from a high of 2450 to a low of 2330, down by 120 US dollars. It took only three days, with great strength and speed. We still need to find a place to find a stop.

In today's market:

One hour of continuous breaking and falling; Support position 2330-2320 here; At present, it is supported and corrected in this range; The pressure position of top bottom conversion is 2350; Secondly, the central axis 2355 is expected to move down gradually; The upper shaft is expected to descend to the position near 2375; In the four hours, the random index fell down in a negative way, temporarily not in the form of a golden fork, and fell in consecutive steps; The position of the watershed of strength and weakness in the sky is 2370-2375; The top bottom switching pressure position of the short line is above and below 2355; In form, the mode of breaking yin and breaking yang replaces the correction; In the day K, the dead fork of the random index is downward, and 2440-2450 constitutes a double top point in the short term; It is necessary to play empty; Near the middle axle pressure position 2350; To sum up: press 2350-2355 in the short term, sell short in the short term, and run down bearish; The lower support position is near 2320, and the rising point support is near 2280; Pressure range at 2370-2375 of the strong and weak watershed.

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Sina statement: This message is reproduced from Sina's cooperative media. The purpose of posting this article on Sina.com is to convey more information, and does not mean to agree with its views or confirm its description. The content of this article is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
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Editor in charge: Chen Ping

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