Gold technical analysis
Daily chart resistance 3400, support 3270
Four-hour chart resistance 3340, support 3290
One-hour chart resistance 3330, support 3305.
NFP data suppresses expectations of rate cuts, and the technical 4H/1H chart short positions suppress the rebound space. News and technical aspects simultaneously push gold down. In the short term, gold prices are running below the previous top and bottom conversion position of 3332. The US market focuses on the 3330 long-short dividing line. If it stands firm at 3330, you can follow up and buy, with a target of 3350; if it falls below 3290, continue to chase shorts to 3260.
Focus on today's China/US trade negotiations on the news: If there is no breakthrough in the London talks, risk aversion may drive gold to continue to rebound.
SELL: 3330near SL: 3335
BUY: 3295near SL: 3290
Daily chart resistance 3400, support 3270
Four-hour chart resistance 3340, support 3290
One-hour chart resistance 3330, support 3305.
NFP data suppresses expectations of rate cuts, and the technical 4H/1H chart short positions suppress the rebound space. News and technical aspects simultaneously push gold down. In the short term, gold prices are running below the previous top and bottom conversion position of 3332. The US market focuses on the 3330 long-short dividing line. If it stands firm at 3330, you can follow up and buy, with a target of 3350; if it falls below 3290, continue to chase shorts to 3260.
Focus on today's China/US trade negotiations on the news: If there is no breakthrough in the London talks, risk aversion may drive gold to continue to rebound.
SELL: 3330near SL: 3335
BUY: 3295near SL: 3290
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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.