đź“ŠYesterday, gold once again staged a "roller coaster" market, with a wide range of fluctuations: the Asian session opened low and went high, showing a short-term rebound; the European session fell again, testing the support below; the US session rose and fell, and formed a bottoming action in the late trading. The overall volatility is large, the long and short switches are frequent, and risks and opportunities coexist. The principle of "risk control first" emphasized many times recently is particularly important here.
đź“ŠGold is currently on its fourth day of decline, with yesterday's low hitting 2956. This position is also the support level converted from the previous high, and there are signs of stopping the decline in the short term. From the overall structure, the first round of decline is basically in place, the shorts have temporarily released a large amount of momentum, the market sentiment tends to be cautious, and the risk of short chasing orders has increased. Although it is still in a downward trend in the short term, it has entered a technical rebound window. Pay attention to the continuity of the correction rebound during the day.
đź”´Resistance level:
-First: 3012-3015
-Second: 3025-3030
-Third: 3045-3055
🟢Lower support level:
-First: 2990-2993
-Second: 2975-2978
-Third: 2956-2960
âś…Intraday trading strategy
đź”°Gold Sell: 3030-3035, Stop loss: above 3048
Target: 3010-3000, if it breaks, look to 2990
đź”°Gold Buy: 2975-2956, Stop loss: below 2948
Target: 3010-3015, if it breaks, look to 3030
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
đź“ŠGold is currently on its fourth day of decline, with yesterday's low hitting 2956. This position is also the support level converted from the previous high, and there are signs of stopping the decline in the short term. From the overall structure, the first round of decline is basically in place, the shorts have temporarily released a large amount of momentum, the market sentiment tends to be cautious, and the risk of short chasing orders has increased. Although it is still in a downward trend in the short term, it has entered a technical rebound window. Pay attention to the continuity of the correction rebound during the day.
đź”´Resistance level:
-First: 3012-3015
-Second: 3025-3030
-Third: 3045-3055
🟢Lower support level:
-First: 2990-2993
-Second: 2975-2978
-Third: 2956-2960
âś…Intraday trading strategy
đź”°Gold Sell: 3030-3035, Stop loss: above 3048
Target: 3010-3000, if it breaks, look to 2990
đź”°Gold Buy: 2975-2956, Stop loss: below 2948
Target: 3010-3015, if it breaks, look to 3030
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
Trade active
🔥Yesterday's buy orders in the 2975-2980 range can be closed or reduced near 3030💯
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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.
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.