Gold prices still maintain a wide range of fluctuations: 3300-3360
Key points:
Resistance level: 3338 (yesterday's high), 3350 (psychological barrier), 3360-3362 (Fibonacci 61.8% strong resistance level)
Support level: 3315-3318 (Asian market retracement area), 3292 (yesterday's low), 3308 (stop loss reference)
Intraday operation strategy
1. High-altitude is the main (priority strategy)
Entry area:
Near 3340-3350 (close to yesterday's high of 3338, initial resistance level)
Above 3360 (opportunity to cover positions, strict stop loss)
3360-3362 (strong resistance area, ideal high-altitude position)
Stop loss: 3365
Target: 3330→3320→3315 (gradually stop profit)
2: Low-level long positions as auxiliary (participate cautiously)
Entry area:
3315-3318 (Asian session support range, light position try to go long)
Near 3292 (yesterday's low, steady long position)
Stop loss: 3308 (3315 long position) or 3285 (3292 long position)
Target: 3335→3348 (rebound high point exit in batches)
Logic and risk control points
The core of the volatile market:
Prices fluctuate in the range of 3292-3360, avoid chasing up and selling down, and wait for reversal operations near the boundary.
If the Asian and European sessions rebound first, it is safer to go long at the highs before and after the US session; if it falls to the support level first, it can go long in the short term to rebound.
Key signals:
Break through 3362 points: may break through the oscillating pattern and turn strong, need to wait and see whether to follow up with long positions.
Fall below 3290: beware of deep correction, long positions are temporarily suspended.
Key points:
Resistance level: 3338 (yesterday's high), 3350 (psychological barrier), 3360-3362 (Fibonacci 61.8% strong resistance level)
Support level: 3315-3318 (Asian market retracement area), 3292 (yesterday's low), 3308 (stop loss reference)
Intraday operation strategy
1. High-altitude is the main (priority strategy)
Entry area:
Near 3340-3350 (close to yesterday's high of 3338, initial resistance level)
Above 3360 (opportunity to cover positions, strict stop loss)
3360-3362 (strong resistance area, ideal high-altitude position)
Stop loss: 3365
Target: 3330→3320→3315 (gradually stop profit)
2: Low-level long positions as auxiliary (participate cautiously)
Entry area:
3315-3318 (Asian session support range, light position try to go long)
Near 3292 (yesterday's low, steady long position)
Stop loss: 3308 (3315 long position) or 3285 (3292 long position)
Target: 3335→3348 (rebound high point exit in batches)
Logic and risk control points
The core of the volatile market:
Prices fluctuate in the range of 3292-3360, avoid chasing up and selling down, and wait for reversal operations near the boundary.
If the Asian and European sessions rebound first, it is safer to go long at the highs before and after the US session; if it falls to the support level first, it can go long in the short term to rebound.
Key signals:
Break through 3362 points: may break through the oscillating pattern and turn strong, need to wait and see whether to follow up with long positions.
Fall below 3290: beware of deep correction, long positions are temporarily suspended.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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/+mXGe9RqxR2QwNjdk
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.