The 4-hour level shows that the gold price turned to high-level fluctuations after testing the upper track under pressure yesterday. There is still room for upward movement after the structure is completed. The 1-hour moving average system shows a golden cross divergent bullish arrangement, indicating that the short-term upward momentum is sufficient. The gold price continued to rise in the morning and hit a new high. The trend maintains a bull-dominated pattern. Although there was a correction in the US market yesterday, it stopped falling and stabilized at the key support level of 3330-3325 and broke through the previous high, further confirming the short-term strength. Therefore, once it pulls back to the upper area of 3335-3325, it will constitute a dip-buying opportunity. The intraday operation strategy recommends that the pullback be mainly long and the rebound short. The short-term support below focuses on the 3335-3325 range, and the upper short-term resistance level is 3365-3375.
Operation strategy: 1. Gold recommends long pullback near 3335-3325, with a target of 3350-3360.
2. It is recommended to short gold when it rebounds around 3365-3375, with the target at 3350-3340.
Operation strategy: 1. Gold recommends long pullback near 3335-3325, with a target of 3350-3360.
2. It is recommended to short gold when it rebounds around 3365-3375, with the target at 3350-3340.
Trade active
Gold's intraday trend perfectly fulfilled expectations. The bottom article strategy mentioned that it would not break the high, but rely on the 3365 area to short-sell. All ideas have come true! At present, in the 4H cycle, Bollinger still closed, and the strong support was around 3335-3330. If it fluctuates, it will look at yesterday's low point of 3328. The main idea is to go long after the retracement. Continue to pay attention to the 3365 high point. If it does not break, you can go short! In terms of non-agricultural data, the previous value of this data was 13.9w, and the market forecast was 11w. If the actual value is close to the market forecast, it will be bearish for the US dollar and bullish for gold. If the actual value is within the previous value and the market forecast, then gold will see a shock sweep, but the overall bullish direction remains unchanged!Trade closed: target reached
If you are not able to flexibly respond to the market in trading, and are not good at adjusting your trading ideas and rhythm in time with the market rhythm, you can pay attention to the bottom notification 🌐 to get more specific operation details and strategy updates. Let us work together to flexibly and steadily pursue more profits in the ever-changing market!
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
Related publications
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.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
Related publications
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.