From a technical perspective, the current upper 2924-2930 range has become a resistance zone for further increases in gold prices. The stability of the market bottom shape and the overall stronger trend in late trading indicate that gold prices are expected to break through this resistance in the future and set a new intraday high. At the same time, the 2912-2907 area below provides solid support for gold prices and provides a strong guarantee for the continuation of the bullish trend. Therefore, in the late trading operation, we recommend that investors mainly go long on callbacks.
Late trading operation strategy 1: It is recommended to go long in the 2918-2913 area, stop loss at 2907, and the target is 2930-2940.
Late trading operation strategy 1: It is recommended to go long in the 2918-2913 area, stop loss at 2907, and the target is 2930-2940.
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Today, the short-term trend of gold is mainly long. The short-term focus on the upper side is 2954-2956 resistance, and the short-term focus on the lower side is 2910-2908 support. Click the link to get accurate trading signals
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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.