The US dollar index continued to fall yesterday, breaking through the 100 integer mark, but the gold price did not break through the key resistance level. In the short term, we need to be alert to the risk of gold price correction. In addition, the three major US stock indexes have continued to rise recently, but the market risk appetite has decreased. We need to be alert to the market panic and liquidity tightening that may be caused by the stagnation of the US stock market's rise, which will put pressure on the gold market. Technically, the gold price was blocked at the important pressure level of 3250 yesterday, and the support below was at the 3200 mark. In the short term, it is still mainly range-bound. At present, the upper resistance is 3226-3233, and the lower support is 3189-3184. In terms of operation, it is recommended to rebound short and supplemented by callback long.
Operation strategy 1: It is recommended to rebound short at 3228-3235, and the target is 3210-3193.
Operation strategy 2: It is recommended to pull back to 3189-3185 and go long, and the target is 3215-3235.
Operation strategy 1: It is recommended to rebound short at 3228-3235, and the target is 3210-3193.
Operation strategy 2: It is recommended to pull back to 3189-3185 and go long, and the target is 3215-3235.
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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.