✅This week, gold continued to rise from 3204 to 3345, successfully filling the gap of the previous week and breaking through the high point of last week. The overall trend returned to the bull-dominated pattern. Yesterday's decline was mainly a technical correction to the recent rapid rise. The big cycle trend remains strong, and the short-term adjustment is accumulating momentum for a new round of rise.
✅Judging from the daily line structure, the weekly big positive line is basically confirmed, and the overall volatility will be strong on the last trading day of this week. Yesterday's correction corrected the technical indicators, and the overall trend is still a healthy consolidation in the strong.
✅At this stage, if there is no major negative news, gold has limited room to break down, and the daily MA20 (near 3280) provides key support.
✅From the 4-hour chart, the support below focuses on the integer level of 3280. If it is effectively lost, there is a possibility of testing the MA60 (3250) area; the resistance above focuses on the previous high area of 3345-3350. If it can be effectively broken through, the short-term impact will be above 3355-3360
🔴Resistance level: 3345-3350, if it breaks through, it will look to 3355-3360;
🟢Support level: 3280-3285, if it falls below, observe the support near 3250-3255;
✅Intraday trading strategy
The current point does not have an ideal long-short cost-effectiveness, so wait-and-see is the main approach;
🔰If the price rebounds above 3340, you can try short-term short orders with a light position, set the stop loss above yesterday's high of 3345, and target 3320-3305
🔰If it drops to the 3280-3285 area without breaking, you can try low-long with a light position, and target 3310-3330;
🔰A more ideal mid-term opportunity is next week: If the gold price rises to the dense resistance area of 3355-3363, you can consider arranging a swing short order.
✅Market trends are changing rapidly, and we will provide members with accurate trading strategies based on real-time market dynamics. Short-term trading focuses on flexibility, requires timely adjustment of positions, and strict implementation of risk control, striving to ensure the safety of funds and stable transactions while responding to market fluctuations.
✅Judging from the daily line structure, the weekly big positive line is basically confirmed, and the overall volatility will be strong on the last trading day of this week. Yesterday's correction corrected the technical indicators, and the overall trend is still a healthy consolidation in the strong.
✅At this stage, if there is no major negative news, gold has limited room to break down, and the daily MA20 (near 3280) provides key support.
✅From the 4-hour chart, the support below focuses on the integer level of 3280. If it is effectively lost, there is a possibility of testing the MA60 (3250) area; the resistance above focuses on the previous high area of 3345-3350. If it can be effectively broken through, the short-term impact will be above 3355-3360
🔴Resistance level: 3345-3350, if it breaks through, it will look to 3355-3360;
🟢Support level: 3280-3285, if it falls below, observe the support near 3250-3255;
✅Intraday trading strategy
The current point does not have an ideal long-short cost-effectiveness, so wait-and-see is the main approach;
🔰If the price rebounds above 3340, you can try short-term short orders with a light position, set the stop loss above yesterday's high of 3345, and target 3320-3305
🔰If it drops to the 3280-3285 area without breaking, you can try low-long with a light position, and target 3310-3330;
🔰A more ideal mid-term opportunity is next week: If the gold price rises to the dense resistance area of 3355-3363, you can consider arranging a swing short order.
✅Market trends are changing rapidly, and we will provide members with accurate trading strategies based on real-time market dynamics. Short-term trading focuses on flexibility, requires timely adjustment of positions, and strict implementation of risk control, striving to ensure the safety of funds and stable transactions while responding to market fluctuations.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.