Gold technical analysis
Daily chart resistance 3284, support below 3167
Four-hour chart resistance 3284, support below 3192
One-hour chart resistance 3252, support below 3200
Gold news analysis: On Monday (May 19) in the Asian market, spot gold soared by more than $40, reaching a high of around 3250. Moody's suddenly removed the last AAA rating of the United States, Israel launched a large-scale ground war in Gaza, Russia-Ukraine negotiations broke down, Russia launched the largest air strike since 2022, Iran took a tough attitude towards negotiations, and the market's risk aversion was completely boiling. In addition, the risk of a global trade war has heated up again. This uncertainty will further weaken the credit of the US dollar, and gold will become the best alternative currency. There are fewer economic data this week, only a few important news data, and investors need to continue to pay attention to news related to the international trade situation and geopolitical situation.
Gold operation suggestions: From the current trend analysis, the support below focuses on the 3192 level support, the pressure above focuses on the one-hour level 3252 and the four-hour level 3284 level near the suppression, the short-term long and short strength watershed 3200 level, the overall support is to sell high and buy low in this range, and then follow the trend after the breakthrough.
BUY: 3200near SL: 3195
SELL: 3253near SL: 3158
SELL: 3284near SL: 3288
Daily chart resistance 3284, support below 3167
Four-hour chart resistance 3284, support below 3192
One-hour chart resistance 3252, support below 3200
Gold news analysis: On Monday (May 19) in the Asian market, spot gold soared by more than $40, reaching a high of around 3250. Moody's suddenly removed the last AAA rating of the United States, Israel launched a large-scale ground war in Gaza, Russia-Ukraine negotiations broke down, Russia launched the largest air strike since 2022, Iran took a tough attitude towards negotiations, and the market's risk aversion was completely boiling. In addition, the risk of a global trade war has heated up again. This uncertainty will further weaken the credit of the US dollar, and gold will become the best alternative currency. There are fewer economic data this week, only a few important news data, and investors need to continue to pay attention to news related to the international trade situation and geopolitical situation.
Gold operation suggestions: From the current trend analysis, the support below focuses on the 3192 level support, the pressure above focuses on the one-hour level 3252 and the four-hour level 3284 level near the suppression, the short-term long and short strength watershed 3200 level, the overall support is to sell high and buy low in this range, and then follow the trend after the breakthrough.
BUY: 3200near SL: 3195
SELL: 3253near SL: 3158
SELL: 3284near SL: 3288
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Signal and daily analysis channel
💥t.me/Actuary00group
✉️Signal and daily analysis channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.