📊The current gold price has returned to above 3200, and the technical side shows a clear strong pattern. The 3200 mark is a key support level, and its gains and losses will determine the future direction. If the gold price does not break this level after falling back and stabilizes again, gold will continue its strong structure. There is a high probability that the daily line will close positive on Friday, and the subsequent rebound target will point to the 3235-3260 area.
📊From the perspective of the daily cycle, the 3200 position has become a trend dividing point. As long as the price remains above this level, the overall bullish pattern will be maintained, and the structure will build an upward trend in the form of a continuous positive rebound. Once it falls back below 3200, it may mean that the daily level is still in a convergent adjustment structure, and the upper side will still be suppressed.
📊In the 4-hour cycle, after the intraday rebound, the Bollinger Bands showed signs of opening, and the short-term is expected to usher in the confirmation of the mid-term bottoming structure. If the gold price continues to rebound during the US session and effectively stabilizes at 3200, and breaks through the MA5 and MA10 moving averages, then the structural reversal will be initially established, and the market is expected to further test 3235, or even hit 3250.
📊The current 4-hour chart shows that the bottom is expected to form a continuous positive candlestick pattern, indicating that the bulls are gradually strengthening. Therefore, the end-of-day trading should not be affected by the inertia of the previous decline, and attention should be paid to the structural reversal signal and the strategy should be adjusted in time.
📊From the perspective of the daily cycle, the 3200 position has become a trend dividing point. As long as the price remains above this level, the overall bullish pattern will be maintained, and the structure will build an upward trend in the form of a continuous positive rebound. Once it falls back below 3200, it may mean that the daily level is still in a convergent adjustment structure, and the upper side will still be suppressed.
📊In the 4-hour cycle, after the intraday rebound, the Bollinger Bands showed signs of opening, and the short-term is expected to usher in the confirmation of the mid-term bottoming structure. If the gold price continues to rebound during the US session and effectively stabilizes at 3200, and breaks through the MA5 and MA10 moving averages, then the structural reversal will be initially established, and the market is expected to further test 3235, or even hit 3250.
📊The current 4-hour chart shows that the bottom is expected to form a continuous positive candlestick pattern, indicating that the bulls are gradually strengthening. Therefore, the end-of-day trading should not be affected by the inertia of the previous decline, and attention should be paid to the structural reversal signal and the strategy should be adjusted in time.
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The gold market has recently become more volatile. If you don't have professional market analysis skills and reasonable account management, I suggest you stop trading first, otherwise it is easy to incur huge losses. But if you become our member, I will provide you with real-time guidance services to help you grasp every important market trend, whether it is to deal with trend breakthroughs or adjust trading strategies, I can help you avoid risks to the greatest extent, so as to obtain continuous and stable profits. 🤝
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✅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.