For gold now, since it is basically oscillating in the large range of 3260-3370, the overall trend is oscillating downward, the highs are constantly moving down, and the lows are tested many times. The more tests are made, the greater the probability of a downward breakthrough. Therefore, the continuity of the rebound is not strong. At present, the entire European session basically maintains a weak consolidation at a low level. This trend means that the US session may still have room for decline.
Today is different from yesterday. Before the US session yesterday, there was a continuous upward rebound, and the intraday market was somewhat resistant to decline, so the US session is expected to rebound more. However, today's intraday is basically maintaining a weak decline, the rebound is not strong, and the hourly line has fallen more than rising, highlighting that the US session is still falling. As for the position selection, it is still not recommended to chase the short. If it can give the European session high of 3323-3324, it can still continue to be short. The support below is 3287-3270. If it falls below the low of 3260, then pay attention to the top and bottom conversion position of 3245.
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✅ Free daily trading signal 🔥
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
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.