Technically, the daily chart continues to fluctuate sideways, the moving average is glued together, and the RSI indicator runs near the middle axis. The moving average of the four-hour chart is also glued together, the price is adjusted near the middle track of the Bollinger Band, and the RSI indicator also runs near the middle axis. The gold price once broke through the 3349 mark yesterday, and then fell back and closed near 3320.
Focus on the 3320 position during the Asian session. From a technical perspective, the gold price continues to fluctuate in a range. Under the premise of the lack of news stimulating negative impact, from a technical perspective, the gold price continues to maintain low buying.
From the daily level, gold has been fluctuating at a high level since the high of 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually moving up. The range of fluctuations is gradually narrowing. The short-term market may continue to fluctuate. If it breaks through, it will need to wait for major news stimulation to break through the direction!
💰Strategy Package
Then today's lock-up range is 3293-3350. It is recommended to sell high and buy low. Before the effective breakthrough of the range, short-term or ultra-short-term scalping is the main means.
Key points:
First support level: 3320, second support level: 3306, third support level: 3292
First resistance: 3346, second resistance: 3358, third resistance: 3376
Buy: 3303-3305, stop loss: 3292, target: 3320-3330;
Sell: 3350-3353, stop loss: 3362, target: 3330-3320;
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
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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.