China Gold Network on August 15th, the Asian market in the intraday trading, gold is located near 1275.59, the highest intraday value of 1282.07, the lowest value of 1272.20, down 5.69%. We mentioned in yesterday's article that a trend line at the daily level was broken, but in the short term there will be a need to break back and confirm that 1280 would be a support point. Judging from yesterday's trend, 1280 is indeed a support, but it broke quickly this morning. Our painting today uses a gold 4 hour chart, which is no stranger to this channel. From the upper rail, the short-term is indeed blocked in 1292. However, the lower 1272 is a resonance support: 1. The lower rail support of the ascending channel, from the mark in the figure, the support of the current lower rail is indeed at the 1272/71 position; The strong resistance at the beginning of 2.8 was at 1272, and it was closed below 1272. The short-term strategy formulation logic can be based on the channel: the right trading method, buying at the lower rail position of the channel, bullish to the upper rail of the channel, generally a new high; stop loss in the channel break. This logical strategy is the most traditional "Trade The Trend" principle. This is also the most acceptable way for the public to “catch up†and it is also the most suitable for human blindness. In the daytime, I will choose the 1272 resonance position to enter the market. The stop loss is near 1267/65 and the target is near 1292/96. Pay attention to the mobile phone in the gold network (http://m.cngold.com.cn), master the latest financial news. (Editor: HN666) Fleece Blankets,Fleece Throw Blanket,Plush Blankets,Sherpa Fleece Blanket Nantong Yawen Textile CO., LTD , https://www.ntywtextile.com