Today's gold price focuses on the pressure level: 3285-3295
As shown in Figure 4h:
Today's gold price fell sharply, as we analyzed yesterday, and smoothly entered the blue channel oscillation range: 3220-3250-3295
The next step of operation is very clear:
Short selling ideas:
Sell: 3280-3290 high short selling
Target: 3250, break through to see 3220
Stop loss: 3295-3305
I have always emphasized that this blue channel is a very important adjustment range. The upper edge of the channel will completely split the head and shoulders top pattern, and the lower edge of the channel will also completely split the head and shoulders bottom pattern.
The middle span just belongs to the macro triangle convergence oscillation adjustment range.
When the gold price is in this range, it means that the gold price will enter the accumulation and oscillation adjustment period, and the trend will be more obvious and clear.
Of course, we still need to combine the fundamentals for comprehensive analysis and judgment.
Today's gold price is mainly short.
As shown in Figure 4h:
Today's gold price fell sharply, as we analyzed yesterday, and smoothly entered the blue channel oscillation range: 3220-3250-3295
The next step of operation is very clear:
Short selling ideas:
Sell: 3280-3290 high short selling
Target: 3250, break through to see 3220
Stop loss: 3295-3305
I have always emphasized that this blue channel is a very important adjustment range. The upper edge of the channel will completely split the head and shoulders top pattern, and the lower edge of the channel will also completely split the head and shoulders bottom pattern.
The middle span just belongs to the macro triangle convergence oscillation adjustment range.
When the gold price is in this range, it means that the gold price will enter the accumulation and oscillation adjustment period, and the trend will be more obvious and clear.
Of course, we still need to combine the fundamentals for comprehensive analysis and judgment.
Today's gold price is mainly short.
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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.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.