Gold trend analysis:
After stabilizing at 3285 yesterday, the gains and losses of 3315 during the day are the key to the subsequent layout. The current market price pattern is similar to that of the Asian market last Friday. It once again tested the 3315 position, but it fell back after a high rise. The Asian market did not stand at 3315, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. So first treat it around the pressure and temporarily focus on the range of 3315 to 3280.
Gold is not so strong at the 4-hour level. The market encountered resistance and fell back at the upper track. Now the market has fallen and touched the lower track, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side focuses on the resistance near the middle track of 3325. If it breaks through the pressure near the middle track of 3325, it can be seen to the upper track of 3365. If the market breaks below 3280, the market will weaken. At that time, it will be seen near 3250-3230. Intraday trading, 3280 is used as defense to see a rebound. The rise gradually sees 3325. If it breaks through the position of 3325, don’t sell it again!
Strategy:
Sell near the rebound of 3325-3323, TP 3305-3285;
Go long near the callback of 3285-3287, TP3300-3320;
Trade active
✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.
✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.