Gold bulls continue again. Overall, the strong upward trend breaks through the high again, and the daily cycle is a very obvious strong pattern. The price is steadily rising along the short-term moving average. As time goes by, the upper track continues to move up, and the upward space is also opened. Obviously, the strong demand of buyers in Asia is dominating the price.
Daily level: Gold breaks through the key pressure zone of 3040-3050, and the MACD indicator golden cross increases in volume, confirming that the bullish momentum is strengthened and the technical structure turns strong.
4-hour level: The price runs along the upper track of the Bollinger Band, the moving average is arranged in a bullish pattern, and the short-term support moves up to 3055-3060. The next target is 3085-3090. After breaking through, it is expected to test the 3100 integer mark.
Key price levels:
Resistance: 3085-3090 (previous high psychological pressure) → 3100 (opening the upward space after breaking through).
Support: 3055-3060 (top and bottom conversion position) → 3047 (bull stop loss defense line).
Main strategy: Go long at 3055-3060. Stop loss: 3047.
Target: 3090→3100 (step profit, hold after breakout).
Ultra-short-term high-altitude (only for aggressive investors)
Entry: Try shorting with a light position when it first touches 3090 (gambling on technical pullback).
Stop loss: 3095 (small stop loss to prevent false breakthrough).
Target: 3080 (quick in and quick out).
Daily level: Gold breaks through the key pressure zone of 3040-3050, and the MACD indicator golden cross increases in volume, confirming that the bullish momentum is strengthened and the technical structure turns strong.
4-hour level: The price runs along the upper track of the Bollinger Band, the moving average is arranged in a bullish pattern, and the short-term support moves up to 3055-3060. The next target is 3085-3090. After breaking through, it is expected to test the 3100 integer mark.
Key price levels:
Resistance: 3085-3090 (previous high psychological pressure) → 3100 (opening the upward space after breaking through).
Support: 3055-3060 (top and bottom conversion position) → 3047 (bull stop loss defense line).
Main strategy: Go long at 3055-3060. Stop loss: 3047.
Target: 3090→3100 (step profit, hold after breakout).
Ultra-short-term high-altitude (only for aggressive investors)
Entry: Try shorting with a light position when it first touches 3090 (gambling on technical pullback).
Stop loss: 3095 (small stop loss to prevent false breakthrough).
Target: 3080 (quick in and quick out).
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.