Technical analysis of gold: Today, gold directly rushed to the 3357 line, continuing the previous upward trend. Previously, the spot gold price had hit a record high again, breaking through 3350 US dollars for the first time. The main reason was the severe US job market. The number of unemployed people in 14 states exceeded the number of job vacancies. The US stock market suffered a severe blow due to the export control of the leading chip industry. The US dollar index fell to a three-year low, causing the market risk aversion to rise sharply, pushing up the gold price. In addition, the ongoing war between Russia and Ukraine and the continuous conflict between Palestine and Israel further strengthened the safe-haven demand for gold. Gold continues to maintain a high level of strength and is still in a bullish trend. The short-term correction does not change the upward trend of gold. The decline is an opportunity to go long. The current price of 3315 in the European session is directly long!
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In the short-term one hour, the price fell again after rising early today, so the price broke the recent strong performance. At present, we will pay attention to the price falling back, and wait for the subsequent falling back to near the four-hour support area to see further upward movement. In the short term, 3310 is regarded as effective support, here Above, the rise in gold prices is expected to extend further. Short-term trading can be maintained above 3310 to follow the bullish trend (stop loss below 3310). The rise can be seen near the high of 3350, break through again and stand firm. The next target area can be referred to 3370-3380. The fall of gold is an opportunity to go long. Don’t ask me where gold will rise. Only God knows. What we have to do is to follow the trend. On the whole, David recommends that the short-term operation of gold today is mainly long on the callback, and short on the rebound. The short-term focus on the upper side is 3350-3357 resistance, and the short-term focus on the lower side is 3310-3315 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are mainly based on real-time intraday information, please pay attention to it in time.
Short order strategy:
Strategy 1: When gold rebounds around 3355-3357, short (buy short) 20% of the position in batches, stop loss 6 points, target around 3335-3320, break to see 3315 line; (Strategy is time-sensitive.)
Long order strategy:
Strategy 2: When gold pulls back to around 3310-3315, long (buy long) 20% of the position in batches, stop loss 6 points, target around 3335-3345, break to see 3360 line; (Strategy is time-sensitive.)
XAUUSD GOLD XAUUSD GOLD
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In the short-term one hour, the price fell again after rising early today, so the price broke the recent strong performance. At present, we will pay attention to the price falling back, and wait for the subsequent falling back to near the four-hour support area to see further upward movement. In the short term, 3310 is regarded as effective support, here Above, the rise in gold prices is expected to extend further. Short-term trading can be maintained above 3310 to follow the bullish trend (stop loss below 3310). The rise can be seen near the high of 3350, break through again and stand firm. The next target area can be referred to 3370-3380. The fall of gold is an opportunity to go long. Don’t ask me where gold will rise. Only God knows. What we have to do is to follow the trend. On the whole, David recommends that the short-term operation of gold today is mainly long on the callback, and short on the rebound. The short-term focus on the upper side is 3350-3357 resistance, and the short-term focus on the lower side is 3310-3315 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are mainly based on real-time intraday information, please pay attention to it in time.
Short order strategy:
Strategy 1: When gold rebounds around 3355-3357, short (buy short) 20% of the position in batches, stop loss 6 points, target around 3335-3320, break to see 3315 line; (Strategy is time-sensitive.)
Long order strategy:
Strategy 2: When gold pulls back to around 3310-3315, long (buy long) 20% of the position in batches, stop loss 6 points, target around 3335-3345, break to see 3360 line; (Strategy is time-sensitive.)
XAUUSD GOLD XAUUSD GOLD 
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Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.