From the daily candlestick chart, spot gold is still running in a medium-term upward trend recently. The current Bollinger band middle track is at 3296.81, and the Bollinger band upper track is at 3415.03, which constitutes the technical framework of the current oscillation range.
In terms of key technical positions, 3390 has become the upper edge of the current sideways oscillation area. If it can be effectively broken through, it is expected to test the previous high of 3410.00 and the strong resistance level of the upper 3430 area; the lower support level focuses on the resonance support of 3323-3310 and the Bollinger middle track 3296.81.
Short-term trend analysis: Traders generally wait for this week's non-agricultural data to give a clear direction. If the non-agricultural data is weak and supports loose expectations, gold is expected to challenge 3430 or even retest the previous high area of 3499.83; if the data is strong, it may trigger short-term selling pressure, and the price may test the support band of 3296.81-3250.
If you don’t know the buying opportunity, you can follow Henry’s footsteps and keep paying attention to check the latest real-time trading signals.
In terms of key technical positions, 3390 has become the upper edge of the current sideways oscillation area. If it can be effectively broken through, it is expected to test the previous high of 3410.00 and the strong resistance level of the upper 3430 area; the lower support level focuses on the resonance support of 3323-3310 and the Bollinger middle track 3296.81.
Short-term trend analysis: Traders generally wait for this week's non-agricultural data to give a clear direction. If the non-agricultural data is weak and supports loose expectations, gold is expected to challenge 3430 or even retest the previous high area of 3499.83; if the data is strong, it may trigger short-term selling pressure, and the price may test the support band of 3296.81-3250.
If you don’t know the buying opportunity, you can follow Henry’s footsteps and keep paying attention to check the latest real-time trading signals.
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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.