The golden flow analysis:
On 22 april, the gold fell back on the 4835-line shock yesterday, with a further increase in the readjustment of the evening hours, the price of the gold falling back below the average of 5 or 10 days, the short-line falling space was fully released, with the lowest retreat to the vicinity of the 20-day average of 4670, and the tailings, although containing a small roundup, were no longer able to reverse the dayline。
Looking back at yesterday's gold movement, the central cause of its downward adjustment remains passively affected by the rebound of the dollar index, rather than the proactive weakening of its own trend. The negative line from yesterday's line, which cuts directly through the average of 5 or 10 days, and the low point touches the average of 20 days, also coincides with the need for the recovery of the gold technology itself. As a result, while gold is currently in a state of passive united states dollar fluctuations and the short-line direction is slightly blurred, the medium-term trend continues to advance towards the technical expectations, with frequent disturbances across a variety of messages, which are only phased in the medium-term, making it difficult to reverse the core trend of medium-term adjustments。
Above the gold today, it is necessary to focus on the pressure struggles around the average line of 5 to 10 days, and if we remain unable to return to the average line of 5 or 10 days, this means that the fall of yesterday has been effective, and there is a possibility that the subsequent adjustment will continue. At the bottom of the day, the focus is on the supporting game near the 20-day average of 4690, and if the 20-day average drops again today, then the adjusted rhythm of gold may accelerate further and the lower space is expected to gradually open。
In the light of the hourly pattern, a small roundup of gold at the end of the night has now returned to the vicinity of the trend line of 4750, where there may be a brief competition, but where the main pressure of the day is not, the focus is on the area near the point of 4770-4780, which falls overnight, which can be considered a critical watershed of space and weakness. At the bottom of the day, focus on the struggle for support in the vicinity of 4720, with some support at the low point of 4670 overnight, but given today's trend rate, the bottom support can be moderately moved up to the area of 4700-4680 below the hour chart scale。
Operationally, it is possible to wait for the price of gold to return to the vicinity of 4770-4780 before attempting to be short-lived, with manual stoppages set above 4800, the target being 4740-4720 zone, reduced upon arrival and reduced maintenance; the remaining holdings can continue to be seen in the 4700-4680 area before recommencement, and partial retention of the billing is expected to decline in the middle of the later period of the game. If there are clear signs of a fall in the lower part of the day to the 4700-4680 area, the radicals can try it at least once, strictly below 4670, and the target is to see only the echoes between 4720-4740 zones, and immediately upon arrival they will leave the scene, not in love, not in greed。
