At present, gold has touched the area of 3325-3315 mentioned in my previous article, and the lowest price is around 3316. At present, due to the current important support area of 3310-3300 below, gold still has a rebound demand in the short term; although gold has not rebounded sharply at present, the downward momentum has indeed slowed down, and gold may rebound after the short force is consumed. Moreover, the ceasefire between Iran and Israel has not yet been settled. Moreover, the ceasefire between Iran and Israel has not yet been settled. With the fluctuating situation in the Middle East, bulls may have opportunities to counterattack.
However, the current performance of gold is indeed relatively weak, so there is no need to expect gold to rebound and fill the upper gap area of 3360-3370 in the short term; in trading, the rebound expectation can be appropriately lowered, and long positions can continue to be held and look up to the 3340-3350 area.
However, the current performance of gold is indeed relatively weak, so there is no need to expect gold to rebound and fill the upper gap area of 3360-3370 in the short term; in trading, the rebound expectation can be appropriately lowered, and long positions can continue to be held and look up to the 3340-3350 area.
Trade active
Bros, the daily support is in the 3290-3280 area, we can still look for the right opportunity to go long on gold again in the 3300-3290 area
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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.