Gold Spot / U.S. DollarUpdated Gold fluctuates upward, and continues to rise after falling back
From the current technical perspective, the 2922-2925 range constitutes the current main resistance zone. Once the gold price successfully stands above 2925, the breakthrough of the previous high of 2930-2942 will be just around the corner, and the market is bullish. The 2911-2909 area below has built a solid support line. As long as the support is not effectively broken, the gold price is expected to continue the bullish trend during the European session. Therefore, for European trading, we recommend that the callback is mainly long, and the rebound is supplemented by high short, and a steady layout is made, waiting for good news.
It is recommended to buy on the pullback to 2912-2907, with a stop loss at 2900. The target is 2925-2930, and the battle for 2945 will be launched if it breaks.
It is recommended to try shorting near the rebound of 2937, with a stop loss at 2945 and the target at 2915-2905.
It is recommended to buy on the pullback to 2912-2907, with a stop loss at 2900. The target is 2925-2930, and the battle for 2945 will be launched if it breaks.
It is recommended to try shorting near the rebound of 2937, with a stop loss at 2945 and the target at 2915-2905.
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