📊Affected by Moody's downgrade of the US credit rating over the weekend, the market's risk aversion sentiment has heated up. Gold opened higher today and quickly rose to the 3250 line, showing strong bullish momentum.
📊Although the gold price closed with a long lower shadow last week, indicating that the divergence between bulls and bears has intensified, it is still in an upward trend dominated by bulls as a whole, and the long-term bull market structure has not been destroyed. The current trend is a technical correction in high-level fluctuations, and it is expected to continue to strengthen after stepping back to confirm support.
📊After receiving support near the trend line, the gold price stabilized and rebounded, and the K-line pattern was gradually repaired; the suppression of the moving average system weakened, and the price returned to the top of the moving average group; the MACD indicator formed a golden cross at a low level, and the red column kinetic energy continued to be released, and the rebound is expected to continue in the short term.
📊The short-term trend is strong. The gold price retreated to above the 3200 mark in the early trading and stabilized. It has now launched a second attack. The early high of 3250 became the first short-term resistance level. If the price of gold effectively breaks through this level during the European and American sessions, it is expected that the price of gold will further rise to test the 3265-3270 area, and the extreme target may be around 3290.
🔴Resistance level 1: 3247-3250
🔴Resistance level 2: 3265-3270
🔴Resistance level 3: 3285-3290
🟢Support level 1: 3210-3207
🟢Support level 2: 3185-3180
✅Intraday trading strategy
🔶Long Strategy
✅Entry Conditions: The price falls back to 3210-3207 area and stabilizes, or breaks through 3250 and then falls back to confirm (such as standing above 3245).
🔰Target: The first target is 3250 (the high point in the early trading), and the second target is 3265-3270. A strong breakthrough of 3270 can reach 3285-3290.
⛔Stop Loss: If you go long at 3210-3207, the stop loss is set below 3195; the stop loss for the breakthrough order is set below 3235.
🔷Short Strategy
✅Entry Conditions: The price first touches the 3285-3290 area and stagnates.
🔰Target: 3250-3245 (short-term retracement level).
⛔Stop Loss: Above 3300 (to prevent a strong breakthrough).
✅Trading strategies are time-sensitive. We will provide VIP 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.
📊Although the gold price closed with a long lower shadow last week, indicating that the divergence between bulls and bears has intensified, it is still in an upward trend dominated by bulls as a whole, and the long-term bull market structure has not been destroyed. The current trend is a technical correction in high-level fluctuations, and it is expected to continue to strengthen after stepping back to confirm support.
📊After receiving support near the trend line, the gold price stabilized and rebounded, and the K-line pattern was gradually repaired; the suppression of the moving average system weakened, and the price returned to the top of the moving average group; the MACD indicator formed a golden cross at a low level, and the red column kinetic energy continued to be released, and the rebound is expected to continue in the short term.
📊The short-term trend is strong. The gold price retreated to above the 3200 mark in the early trading and stabilized. It has now launched a second attack. The early high of 3250 became the first short-term resistance level. If the price of gold effectively breaks through this level during the European and American sessions, it is expected that the price of gold will further rise to test the 3265-3270 area, and the extreme target may be around 3290.
🔴Resistance level 1: 3247-3250
🔴Resistance level 2: 3265-3270
🔴Resistance level 3: 3285-3290
🟢Support level 1: 3210-3207
🟢Support level 2: 3185-3180
✅Intraday trading strategy
🔶Long Strategy
✅Entry Conditions: The price falls back to 3210-3207 area and stabilizes, or breaks through 3250 and then falls back to confirm (such as standing above 3245).
🔰Target: The first target is 3250 (the high point in the early trading), and the second target is 3265-3270. A strong breakthrough of 3270 can reach 3285-3290.
⛔Stop Loss: If you go long at 3210-3207, the stop loss is set below 3195; the stop loss for the breakthrough order is set below 3235.
🔷Short Strategy
✅Entry Conditions: The price first touches the 3285-3290 area and stagnates.
🔰Target: 3250-3245 (short-term retracement level).
⛔Stop Loss: Above 3300 (to prevent a strong breakthrough).
✅Trading strategies are time-sensitive. We will provide VIP 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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
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✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.