Gold 4-hour level: As mentioned in this cycle, there are two key points, the middle track 3328, today's European session rebounded upward to test the middle track, and the current suppression is effective, and it is in a downward correction; if the closing line at 22 o'clock still suppresses the middle track 3325, or below 3317, there is a high probability that it will be suppressed downward tomorrow, because yesterday's breakout and decline, today is a rebound confirmation, once the suppression is effective, it will continue to weaken again;
Hourly level: From the above picture, it is currently in a standard descending flag pattern, and the probability of breaking 3285 in the end is still relatively large. As long as this pattern is effective, according to the same decline, it can probably point to at least 3250-3240; but there is a prerequisite, that is, it cannot break through and stand on the upper track of the yellow consolidation channel, otherwise the descending flag will be invalid; Therefore, tonight is to rely on the upper track 3323 to fluctuate up and down to see suppression, and the lower track 3292-3285 is concerned about support. At this time, there is a correction before the US market, and there may be a second shock and pull-up after the US market, and then see whether the upper track can be suppressed again in the second half of the night. If the gold price rebounds, the initial resistance above is in the range of 3315-3328 US dollars. If this area is broken, it will face strong pressure at 3345 US dollars. The latter is the previous trend line support break point and is also a key point for short-term turning. Once it stands on this range, it will stimulate short covering, and the gold price is expected to rebound to 3365 US dollars or even close to 3400 US dollars. At present, the gold price is subject to multiple factors: on the one hand, there is short-term pressure from a strong dollar and a rebound in risk appetite, and on the other hand, there is medium- and long-term support from the Fed's interest rate cut expectations, US fiscal concerns and geopolitical tensions. Before the release of the FOMC meeting minutes, the initial value of US GDP and PCE inflation data, the market may remain cautious. The short-term technical side is weak, but the medium-term trend is still uncertain. Pay attention to the support performance of $3,250 and the breakthrough of the $3,345 resistance area to determine the future trend direction.
GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD
Hourly level: From the above picture, it is currently in a standard descending flag pattern, and the probability of breaking 3285 in the end is still relatively large. As long as this pattern is effective, according to the same decline, it can probably point to at least 3250-3240; but there is a prerequisite, that is, it cannot break through and stand on the upper track of the yellow consolidation channel, otherwise the descending flag will be invalid; Therefore, tonight is to rely on the upper track 3323 to fluctuate up and down to see suppression, and the lower track 3292-3285 is concerned about support. At this time, there is a correction before the US market, and there may be a second shock and pull-up after the US market, and then see whether the upper track can be suppressed again in the second half of the night. If the gold price rebounds, the initial resistance above is in the range of 3315-3328 US dollars. If this area is broken, it will face strong pressure at 3345 US dollars. The latter is the previous trend line support break point and is also a key point for short-term turning. Once it stands on this range, it will stimulate short covering, and the gold price is expected to rebound to 3365 US dollars or even close to 3400 US dollars. At present, the gold price is subject to multiple factors: on the one hand, there is short-term pressure from a strong dollar and a rebound in risk appetite, and on the other hand, there is medium- and long-term support from the Fed's interest rate cut expectations, US fiscal concerns and geopolitical tensions. Before the release of the FOMC meeting minutes, the initial value of US GDP and PCE inflation data, the market may remain cautious. The short-term technical side is weak, but the medium-term trend is still uncertain. Pay attention to the support performance of $3,250 and the breakthrough of the $3,345 resistance area to determine the future trend direction.
GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD Note
Surprise, this is an accurate signal, the target area is 3250-3240. This signal executes short selling down $70/ounce, this is real. Guys, you win!Note
The analysis clearly pointed out that the gold price fell to the 3240-3250 area, which was effective. The gold price successfully reversed and rose. The price immediately returned to the 3300 mark, an increase of 50 US dollars per ounce. For those who bought long orders, this result is wonderful.Note
When gold fell back to the expected support level of 3250-3240, the US dollar went into a downward trend after rebounding. Combined with market analysis, members bought effective long orders in real time, and the gold price rose by 70 US dollars per ounce. This signal opportunity is great.
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.