Today's gold price focuses on support level: 3260
Affected by the Asian market closure, today's gold price broke through the triangle convergence oscillation structure and returned to wide range oscillation.
Next, focus on testing 3260. Once the support level is broken,
the gold price is likely to have a directional breakthrough again near 3245.
This is the best position range for long trend bottom-fishing: 3240-3260.
Similarly, this is also the best breakthrough range for short trend.
Once a big drop occurs, the next short target will be around 3180. If the 3260-3240 range can be held and a reversal is formed, then the gold price will most likely return to the 3400-3500 range again in the future.
Therefore, our strategy today is:
Look for opportunities to go long in the 3240-3260 range, stop loss at 3230-3240, target at 3300-3330.
Look for opportunities to short in the 3280-3300 range, stop loss at 3300-3310, target at 3240-3180.
I agree with both views.
After all, the Asian market has been closed for nearly 4 days.
Now, we have to observe the performance of the US market to determine the next move.
Affected by the Asian market closure, today's gold price broke through the triangle convergence oscillation structure and returned to wide range oscillation.
Next, focus on testing 3260. Once the support level is broken,
the gold price is likely to have a directional breakthrough again near 3245.
This is the best position range for long trend bottom-fishing: 3240-3260.
Similarly, this is also the best breakthrough range for short trend.
Once a big drop occurs, the next short target will be around 3180. If the 3260-3240 range can be held and a reversal is formed, then the gold price will most likely return to the 3400-3500 range again in the future.
Therefore, our strategy today is:
Look for opportunities to go long in the 3240-3260 range, stop loss at 3230-3240, target at 3300-3330.
Look for opportunities to short in the 3280-3300 range, stop loss at 3300-3310, target at 3240-3180.
I agree with both views.
After all, the Asian market has been closed for nearly 4 days.
Now, we have to observe the performance of the US market to determine the next move.
Free signal: t.me/+o41UC5o15H8zNTcx
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create wealth
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.
Free signal: t.me/+o41UC5o15H8zNTcx
Professional trader
love life
enjoy trading
create wealth
Professional trader
love life
enjoy trading
create wealth
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.