Gold intraday interpretation
Gold failed to hit 3150 in the morning session. How will the subsequent market evolve?
It hit a high in the morning and then fell back to 3125-3130 to stop the decline and enter consolidation. If it fails to break through 3150 on Thursday, it will have a chance to enter a high-level adjustment, and the decline may reach 30-50 points!
Market sentiment has been brewing for a long enough time. Everyone should look at tariffs rationally. Even if there is no tax increase, there is no need to be too surprised.
Currently entering the triangle consolidation pattern, which is a type of relay pattern. The pattern is usually accompanied by a reduction in trading volume and resumes the original trend after breaking through.
Focus: 3150 key resistance. Don't chase north above 3140. If the intermediate form is used, the probability of breaking through 3150 during the day is not high. Mainly look at the ADP employment number on Wednesday. Beware of the US market retreating from 3113 to 3117 and then rebounding quickly.
Lower support: 3125 3113 3105
Upper pressure: 3150 3165
Gold failed to hit 3150 in the morning session. How will the subsequent market evolve?
It hit a high in the morning and then fell back to 3125-3130 to stop the decline and enter consolidation. If it fails to break through 3150 on Thursday, it will have a chance to enter a high-level adjustment, and the decline may reach 30-50 points!
Market sentiment has been brewing for a long enough time. Everyone should look at tariffs rationally. Even if there is no tax increase, there is no need to be too surprised.
Currently entering the triangle consolidation pattern, which is a type of relay pattern. The pattern is usually accompanied by a reduction in trading volume and resumes the original trend after breaking through.
Focus: 3150 key resistance. Don't chase north above 3140. If the intermediate form is used, the probability of breaking through 3150 during the day is not high. Mainly look at the ADP employment number on Wednesday. Beware of the US market retreating from 3113 to 3117 and then rebounding quickly.
Lower support: 3125 3113 3105
Upper pressure: 3150 3165
Trade active
The market has been very volatile recently, with opportunities and risks coexisting. Control the risk first, then make a profit. Insist that profit is the only standard of strength. Never make ambiguous analysis. I have my own trading style. Followers, over the years, have never failed. Others have been on the bus for a long time, but you are still hesitating whether to cross the red light. Hesitation will lead to failure. Follow my pace and gain wealth.
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Related publications
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.