Technically speaking:
① Yesterday's daily line hit a high and fell back to close with a hanging neck line with a long upper shadow, which represents a short-term peak signal. Today's opening opened low and rebounded to repair the gap, which can determine the bottom support in the short term. Therefore, today's range has become a large range of 3313-3500.
From the daily Fibonacci retracement extension line, the current support is around 3291, that is, the range of 3291-3371, and the middle 0.236 is located at 3370.
②The 4-hour indicator macd is dead cross at a high level and runs with large volume, and the smart indicator sto is running near oversold, which means that the 4-hour market is still volatile and weak. In the short term, pay attention to the middle track and the moving average MA5 and MA10 corresponding to the 3403-3358-3404 line, and the short-term moving average MA30 corresponds to the 3350 line. From the 4-hour perspective, the current range is 3291-3371.
③ The current MACD of the hourly line is dead cross with shrinking volume, and the dynamic indicator STO is hooked upward, which represents the rebound trend of the hourly line. At present, we focus on the MA60 moving average, the middle track and the MA30 moving average, which currently correspond to the 3397-3354-3405 line, but will gradually move down over time.
In summary: short-selling in the area near the upper pressure of 3321-3351-3371, and maintaining high altitude as the main theme
Summary: In the short term, the high altitude callback is the main focus, and the key support level is arranged in batches for long orders to follow the long-term trend.
① Yesterday's daily line hit a high and fell back to close with a hanging neck line with a long upper shadow, which represents a short-term peak signal. Today's opening opened low and rebounded to repair the gap, which can determine the bottom support in the short term. Therefore, today's range has become a large range of 3313-3500.
From the daily Fibonacci retracement extension line, the current support is around 3291, that is, the range of 3291-3371, and the middle 0.236 is located at 3370.
②The 4-hour indicator macd is dead cross at a high level and runs with large volume, and the smart indicator sto is running near oversold, which means that the 4-hour market is still volatile and weak. In the short term, pay attention to the middle track and the moving average MA5 and MA10 corresponding to the 3403-3358-3404 line, and the short-term moving average MA30 corresponds to the 3350 line. From the 4-hour perspective, the current range is 3291-3371.
③ The current MACD of the hourly line is dead cross with shrinking volume, and the dynamic indicator STO is hooked upward, which represents the rebound trend of the hourly line. At present, we focus on the MA60 moving average, the middle track and the MA30 moving average, which currently correspond to the 3397-3354-3405 line, but will gradually move down over time.
In summary: short-selling in the area near the upper pressure of 3321-3351-3371, and maintaining high altitude as the main theme
Summary: In the short term, the high altitude callback is the main focus, and the key support level is arranged in batches for long orders to follow the long-term trend.
Trade active
Gold has been weakening recently, accelerating downward in the afternoon, and the price once fell below the 3300 integer mark to 3291, refreshing the stage low. The technical side shows an obvious short pattern: the 1-hour moving average system turns downward, the MACD dead cross expectation is strengthened, and the rebound high point moves down step by step (blocked near 3340), suggesting that the short side is leading the rhythm. The current spot gold is at 3331. If it cannot stand firm at 3340 support, it may further test the psychological barrier of 3300.Gold recommendation: short near 3330-3340 rebound, target 3303
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For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Join the Telegram group and start your journey of making https://money.https://t.me/TP_Dani
Related publications
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.