✅Gold prices have remained volatile since retreating from the historical high of $3057.8. The Bollinger Bands are open, and the middle track support has moved up to $2980, indicating that it is still in a strong cycle, but we need to be alert to the risk of overbought correction.
✅MA5 (3035) and MA10 (3000) constitute a short-term oscillation range. If the price stabilizes on MA5, the upward inertia will continue. Falling below MA10 may trigger a deep retracement.
✅Short-term Key price points
🔴Upper resistance level:
-First: 3026.5
-Second: 3030.5
-Third: 3038-3048
🟢Lower support level:
-First: 3015.5
-Second: 3010
-Third: 3006-2999
🟠Focus on the range: 3010-3038
✅Intraday trading strategy:
🔰Short: Rebound to the 3033-3035 range to test short orders, stop loss above 3045, target 3010-2999;
🔰Long: Retreat to the 2999-2980 range to stabilize and try long positions with a light position, stop loss 2975, target 3020-3035.
✅Trend tracking strategy
🔰Breakout confirmation: If the price stabilizes at $3045, follow up with long orders when it falls back to 3030, with a target of 3057-3080;
🔰Breakout short: If the price falls below 2980 with large volume, rebound to around 3000 to cover the short position, with a target of 2950-2930.
✅The gold market is likely to be in a range-bound stage on Monday and Tuesday. We can sell high and buy low at important resistance and support levels, and it will be very easy to make profits. If you are not confident in your trading or don't know how to grasp the best entry and close points, We will provide you with real-time trading guidance, accurate trading strategyand reasonable risk control to help you achieve sustained and stable profits🤝
✅MA5 (3035) and MA10 (3000) constitute a short-term oscillation range. If the price stabilizes on MA5, the upward inertia will continue. Falling below MA10 may trigger a deep retracement.
✅Short-term Key price points
🔴Upper resistance level:
-First: 3026.5
-Second: 3030.5
-Third: 3038-3048
🟢Lower support level:
-First: 3015.5
-Second: 3010
-Third: 3006-2999
🟠Focus on the range: 3010-3038
✅Intraday trading strategy:
🔰Short: Rebound to the 3033-3035 range to test short orders, stop loss above 3045, target 3010-2999;
🔰Long: Retreat to the 2999-2980 range to stabilize and try long positions with a light position, stop loss 2975, target 3020-3035.
✅Trend tracking strategy
🔰Breakout confirmation: If the price stabilizes at $3045, follow up with long orders when it falls back to 3030, with a target of 3057-3080;
🔰Breakout short: If the price falls below 2980 with large volume, rebound to around 3000 to cover the short position, with a target of 2950-2930.
✅The gold market is likely to be in a range-bound stage on Monday and Tuesday. We can sell high and buy low at important resistance and support levels, and it will be very easy to make profits. If you are not confident in your trading or don't know how to grasp the best entry and close points, We will provide you with real-time trading guidance, accurate trading strategyand reasonable risk control to help you achieve sustained and stable profits🤝
Trade active
As expected, gold started to plunge around 3030-3033, reaching the bottom of the oscillation box around 3005, with a profit of nearly $25 (250pips)👏👏👏
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.
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.