📊From the 1-hour chart, although the gold price has a short-term rebound, it has not effectively broken through the previous high pressure level, indicating that the current trend is still in a range of fluctuations. If gold falls below the key support of 3200 in the future, it may open up further downward space, and the trend will evolve into a large range of fluctuations at the 1-hour level.
📊The current price rebounded to around 3247 in the US market and fell back after encountering resistance. In the short term, it showed strong short selling pressure. Short-term short layout has been carried out, waiting for confirmation of the decline. Considering the large market volatility, short-term operations need to be careful of the rapid decline after the high.
📊3200 is the intraday long-short watershed. If it remains unbroken for a long time, it may build a phased support and provide a basis for the bulls to exert their strength again; on the contrary, if it effectively falls below, it may trigger a new round of downward exploration, and the short-term weak structure will continue.
🔴Upper resistance: 3250-3260 (short-term strong pressure), 3265 (bullish if broken)
🟢Lower support: 3205-3200 (key support), 3185 (break down to continue weakness)
✅Intraday trading strategy
🔰If the price rebounds to the 3250-3260 range and encounters resistance, choose the opportunity to short, target the 3210-3200 line, and set the stop loss above 3265
🔰If the gold price drops to the 3205-3200 range and stabilizes, you can try short-term long with a light position, target around 3235-3240, and control the stop loss below 3195.
📊The current price rebounded to around 3247 in the US market and fell back after encountering resistance. In the short term, it showed strong short selling pressure. Short-term short layout has been carried out, waiting for confirmation of the decline. Considering the large market volatility, short-term operations need to be careful of the rapid decline after the high.
📊3200 is the intraday long-short watershed. If it remains unbroken for a long time, it may build a phased support and provide a basis for the bulls to exert their strength again; on the contrary, if it effectively falls below, it may trigger a new round of downward exploration, and the short-term weak structure will continue.
🔴Upper resistance: 3250-3260 (short-term strong pressure), 3265 (bullish if broken)
🟢Lower support: 3205-3200 (key support), 3185 (break down to continue weakness)
✅Intraday trading strategy
🔰If the price rebounds to the 3250-3260 range and encounters resistance, choose the opportunity to short, target the 3210-3200 line, and set the stop loss above 3265
🔰If the gold price drops to the 3205-3200 range and stabilizes, you can try short-term long with a light position, target around 3235-3240, and control the stop loss below 3195.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.