3.30 Market Overview: XAU Short Position Profited 91 Points
On the 27th, XAU set a short position at 4514, this morning it ran out to T1 market, profiting 91 points, T2 break-even stop out, the big gain was secured.
On the 28th, a bearish shark pattern appeared on the market, but the market did not follow through, and the low long positions also did not connect, current orders can be withdrawn.
Gold is currently in a sideways range at 4500, oscillating narrowly between 4514-4428;
A golden cross is emerging below the MACD zero line; 4514 is exactly within the resistance channel of the Vegas channel EMA144-169, break through for more longs.
After a right-side breakthrough stabilizes at 4514 for long positions, defend at 4428, with targets near 4600 and 4645.
After a right-side breakthrough, if it falls below 4514, go short in the trend, defend at 4602, with targets at 4428 and 4355.
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