Gold technical analysis
Daily chart resistance level 3350, support level below 3260
Four-hour chart resistance level 3350, support level below 3280
One-hour chart resistance level 3325, support level below 3290
1-hour chart Bollinger Bands open downward, 4-hour chart RSI (50) neutral, ADX (35) trend momentum weakened, below $3280 will accelerate downward. MACD green column shrinks, RSI (45) neutral to weak, if it fails to break through $3305, the bearish trend will continue. The first target is around 3280.
NY time announced the annual rate of the US core PCE price index in April. Pay attention to the 3280~3320 range, sell high and buy low. After the news data is released, if the data exceeds expectations, the gold price will fall below the 3280 support, or fall to 3250-3245 US dollars, and you can follow the trend to short; if the data is weak, it may hit 3330-3345 US dollars after breaking through 3320.
SELL: 3320near SL: 3325
BUY: 3280near SL: 3275
Daily chart resistance level 3350, support level below 3260
Four-hour chart resistance level 3350, support level below 3280
One-hour chart resistance level 3325, support level below 3290
1-hour chart Bollinger Bands open downward, 4-hour chart RSI (50) neutral, ADX (35) trend momentum weakened, below $3280 will accelerate downward. MACD green column shrinks, RSI (45) neutral to weak, if it fails to break through $3305, the bearish trend will continue. The first target is around 3280.
NY time announced the annual rate of the US core PCE price index in April. Pay attention to the 3280~3320 range, sell high and buy low. After the news data is released, if the data exceeds expectations, the gold price will fall below the 3280 support, or fall to 3250-3245 US dollars, and you can follow the trend to short; if the data is weak, it may hit 3330-3345 US dollars after breaking through 3320.
SELL: 3320near SL: 3325
BUY: 3280near SL: 3275
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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.