Gold hit the highest point of 3345 today and started to fall back. We also directly shorted at 3341, and successfully reached the target of 3310-15. Friends who follow my articles and real traders can see that the short-term decline of gold does not change the bullish trend. Gold rose by about 100 US dollars after breaking through the box shock, so it is normal to fall back a little. The key to gold in the US market is still the support of 3295-3300. If gold continues to test the support of 3300 and the rebound is weak, then the difficulty of gold rising in the US market will increase, and gold may have to consider high altitude. For now, the advantage of gold bulls still exists
Judging from the 4-hour market trend, the short-term support below is around 3275-3280, with a focus on the 3253-60 support. The short-term bullish strong dividing line is 3253. If the daily level stabilizes at this position, the bullish rhythm of pulling back to lows and buying on the trend will remain unchanged.
Gold operation strategy:
1. Go long when gold falls back to 3290-3295, add more when it falls back to 3275-80, stop loss at 3269, target at 3316-3320, break to 3340-45;
2. If gold rebounds to 3340-45 but does not break, go short with a light position, stop loss at 3353, target at 3300-3306
Judging from the 4-hour market trend, the short-term support below is around 3275-3280, with a focus on the 3253-60 support. The short-term bullish strong dividing line is 3253. If the daily level stabilizes at this position, the bullish rhythm of pulling back to lows and buying on the trend will remain unchanged.
Gold operation strategy:
1. Go long when gold falls back to 3290-3295, add more when it falls back to 3275-80, stop loss at 3269, target at 3316-3320, break to 3340-45;
2. If gold rebounds to 3340-45 but does not break, go short with a light position, stop loss at 3353, target at 3300-3306
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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.
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.