Hello everyone. Let's discuss the trend of gold this week. Today, Moody's downgraded the US sovereign credit rating from AAA to Aa1 on the grounds of "debt surge and fiscal out of control", ending the US's last "top credit" title among the three major rating agencies.
Due to this influence, gold opened sharply higher today, Monday, and the highest so far is around 3250.
Here is the 1-hour chart:
If gold can continue to rush above 3250 in the short term, then we will see 3280-3300 later.
The high point of 3250 may be broken at any time.
For now, I think that as long as gold is above 3200 today, gold will continue to rise.
So, if you do it in the short term, you can buy in the 3200-3220 range, with 3200 below as defense, and as long as the upper target stands firm at 3250, you can continue to see the 3280-3300-3330 range.
Due to this influence, gold opened sharply higher today, Monday, and the highest so far is around 3250.
Here is the 1-hour chart:
If gold can continue to rush above 3250 in the short term, then we will see 3280-3300 later.
The high point of 3250 may be broken at any time.
For now, I think that as long as gold is above 3200 today, gold will continue to rise.
So, if you do it in the short term, you can buy in the 3200-3220 range, with 3200 below as defense, and as long as the upper target stands firm at 3250, you can continue to see the 3280-3300-3330 range.
Trade active
Trade closed: target reached
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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.
Click the link to join the Telegram channel to get detailed free trading signals. The accuracy rate is over 90%：
t.me/+1mjd3acwB4VjMGNk
t.me/+1mjd3acwB4VjMGNk
t.me/+1mjd3acwB4VjMGNk
t.me/+1mjd3acwB4VjMGNk
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.