✅Gold rose strongly today driven by risk aversion, and bulls regained the lead. After breaking through the box oscillation range, the US market fell back and still received support at the upper edge of the box. Then the bulls exerted their strength again, and the gold price further tested the intraday high. From the daily level, gold ushered in a bull continuation after five trading days of correction, and the high point is likely to be refreshed.
✅The 1-hour moving average formed a golden cross upward, the bullish structure was clear, and the moving average divergence showed that the upward momentum was strengthened. According to the increase in 3003-3036, the upper extension target can be seen in the 3066-3080 area.
🔴Support level: 3030-3033 (top and bottom conversion position)
🟢Resistance level: 3070-3080 (previous high pressure area)
✅Intraday trading strategy:
🔰Long: Pay attention to the support of the 3033-3035 area. If it does not break after the retracement, you can arrange long orders, and the target is 3070-3080.
🔰Short: If the gold price hits key resistance and there is a signal of pressure, you can arrange a short position with a light position, but you need to make flexible adjustments to avoid trading against the trend.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
✅The 1-hour moving average formed a golden cross upward, the bullish structure was clear, and the moving average divergence showed that the upward momentum was strengthened. According to the increase in 3003-3036, the upper extension target can be seen in the 3066-3080 area.
🔴Support level: 3030-3033 (top and bottom conversion position)
🟢Resistance level: 3070-3080 (previous high pressure area)
✅Intraday trading strategy:
🔰Long: Pay attention to the support of the 3033-3035 area. If it does not break after the retracement, you can arrange long orders, and the target is 3070-3080.
🔰Short: If the gold price hits key resistance and there is a signal of pressure, you can arrange a short position with a light position, but you need to make flexible adjustments to avoid trading against the trend.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
Trade active
✅Gold rebounds to around 3078-3080, short in batches, stop loss 3085, target around 3060-3055, break to see 3050✅Gold pulls back to around 3050-3053, long in batches, stop loss 3045, target around 3070-3070, break to see 3080
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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.