International gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls data for August, where investors will look for further clues about the strength of the economy.
The gold market opened lower in early trading yesterday at US$1913.2, and then the market first pulled up to US$1917.8, then the market fell back, and the daily line was as low as US$1912.5, and then the market rose strongly in the US session, and the daily line reached a maximum of US$1926.1. The market finished at a high level, and the daily line finally closed at $1919.9, and then the market closed with a Zhongyang line with a long upper shadow line. After such a form, today's market has a technically bullish demand. The 4-hour chart held above the previous low point and further rose to explore higher. The middle rail of Bollinger Road formed a short-term support. slower.
In terms of operation, rely on 1903 as a defensive point and first look at the shock and rebound. Gold bottomed out as a whole and rebounded. In today's operation, Jiesse considers the retracement layout to be low and long, supplemented by high altitude. Focus on 1926-1932 at the top and 1918-1912 support at the bottom. If you break through the 1926 support, you can refer to around 30 for short orders.
Gold operation strategy:
SELL:1926-1929
TP1:1923
TP2:1919
BUY:1915-1918
TP1:1921
TP2:1926
The gold market opened lower in early trading yesterday at US$1913.2, and then the market first pulled up to US$1917.8, then the market fell back, and the daily line was as low as US$1912.5, and then the market rose strongly in the US session, and the daily line reached a maximum of US$1926.1. The market finished at a high level, and the daily line finally closed at $1919.9, and then the market closed with a Zhongyang line with a long upper shadow line. After such a form, today's market has a technically bullish demand. The 4-hour chart held above the previous low point and further rose to explore higher. The middle rail of Bollinger Road formed a short-term support. slower.
In terms of operation, rely on 1903 as a defensive point and first look at the shock and rebound. Gold bottomed out as a whole and rebounded. In today's operation, Jiesse considers the retracement layout to be low and long, supplemented by high altitude. Focus on 1926-1932 at the top and 1918-1912 support at the bottom. If you break through the 1926 support, you can refer to around 30 for short orders.
Gold operation strategy:
SELL:1926-1929
TP1:1923
TP2:1919
BUY:1915-1918
TP1:1921
TP2:1926
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August has passed, friends, no matter whether you were scarred or full of profits last month, we welcome the new month, follow Jiesse's steps and let's make money together!
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
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.