CFDs on Gold (US$ / OZ)
Short
Updated

Will gold first fall and then rise today?

166

The gold 1-hour moving average is still in a bullish arrangement with a golden cross. Now the price is gradually approaching the moving average, but the gold bull trend has not changed for the time being. Patiently wait for the opportunity to adjust. Pay attention to the support near the previous low of 3185. The moving average support has now moved up to the line near 3177. Overall, gold may form a strong support near 3180. For today's gold trend, I personally think it will fall first and then rise.

snapshot
Note
Gold fell slightly after hitting a new high
Trade active
snapshot
Gold 5-minute chart falls rapidly
Note
Gold has returned to a relatively low level, and you can look for opportunities to go long on gold
Note
The most critical position on the golden 4-hour chart is currently around 3220
Note
Our gold long orders continue to make profits

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.