📊Yesterday, the gold price closed stably above 3313, reaching a high of 3353 in late trading. After the opening of today's market, the price fell back. At present, the price of gold has formed a double top pressure in the 3370 area, while 3260 constitutes multiple bottom supports. The subsequent trend is still mainly based on the shock adjustment in this range.
📊From the 4-hour chart, the important upper pressure position of gold is currently located at 3360-3366. The price has been blocked and fallen in this area many times, forming an obvious short-term resistance. In terms of trading strategy, the main focus is to make a short order layout if the rebound does not break this suppression level. In terms of lower support, focus on the 3260-3268 area, which constitutes an important stage support. Once it falls below, it may open up further correction space.
📊At the 1-hour line level, the middle track of the Bollinger band is currently located near 3322, which can be regarded as a watershed between strength and weakness. If the gold price falls below this position, it is likely to test the support of the lower track of the Bollinger band in the short term, and it may even further step back to the shock bottom of the 3260 area.
📊The current gold price fell from a high level, hitting a low of 3305 before rebounding, and has returned to the middle track of the Bollinger Band. In European trading, it is recommended to wait for the price to rebound to around 3329-3325 to arrange short orders, and the stop loss reference is 3338. Pay attention to the support effectiveness of today's low of 3305. If it falls below, the target will be around 3285.
🟢Upper resistance level: 3329-3335
🔴Lower support level: 3265-3260
✅Intraday trading strategy
🔰Gold Sell: 3325-3329, Stop Loss: 5-8$
Target: 3305-3285, if it breaks, look to 3270
🔰Gold Buy: 3265-3270, Stop Loss: 5-8$
Target: 3300-3330, if it breaks, look to 3350
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
📊From the 4-hour chart, the important upper pressure position of gold is currently located at 3360-3366. The price has been blocked and fallen in this area many times, forming an obvious short-term resistance. In terms of trading strategy, the main focus is to make a short order layout if the rebound does not break this suppression level. In terms of lower support, focus on the 3260-3268 area, which constitutes an important stage support. Once it falls below, it may open up further correction space.
📊At the 1-hour line level, the middle track of the Bollinger band is currently located near 3322, which can be regarded as a watershed between strength and weakness. If the gold price falls below this position, it is likely to test the support of the lower track of the Bollinger band in the short term, and it may even further step back to the shock bottom of the 3260 area.
📊The current gold price fell from a high level, hitting a low of 3305 before rebounding, and has returned to the middle track of the Bollinger Band. In European trading, it is recommended to wait for the price to rebound to around 3329-3325 to arrange short orders, and the stop loss reference is 3338. Pay attention to the support effectiveness of today's low of 3305. If it falls below, the target will be around 3285.
🟢Upper resistance level: 3329-3335
🔴Lower support level: 3265-3260
✅Intraday trading strategy
🔰Gold Sell: 3325-3329, Stop Loss: 5-8$
Target: 3305-3285, if it breaks, look to 3270
🔰Gold Buy: 3265-3270, Stop Loss: 5-8$
Target: 3300-3330, if it breaks, look to 3350
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
✅Real-time Guidance Service
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
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.
✅Real-time Guidance Service
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
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.