Gold Spot / U.S. Dollar
Long
Updated

Intraday volatility,there is still chance to go long on pullback

98
🗞News side:

1. The situation in Israel escalates
2. Initial jobless claims data

📈Technical aspects:

Influenced by recent news, gold showed a volatile rebound trend. Gold continued to rise in the early Asian session, r XAUUSD eaching a high of around 3345. The 3290-3300 level below has absolute support in the short term. As long as it does not fall below 3290, you can go long at 3290-3300. In the 4H cycle, the Bollinger opening and the moving average diverge upwards. The upward momentum is sufficient, and it is not easy to guess the top. Pay attention to the 3310-3300 line of support below, and pay attention to the suppression of the 3340-3350 area above. If the gold price stabilizes at 3350, it is expected to further explore the resistance of 3360-3370. If the European session falls into volatility, maintain the range of high selling and low buying, and consider going long when it retreats to the support level of 3320-3310.

If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.

XAUUSD XAUUSD GOLD XAUUSD

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Gold is currently testing the 3285 line as expected. After our long positions stopped losses in time, I went short and looked at 3285 and successfully turned losses into profits. As I said, it is normal to have losses, but grasping the right trading opportunity and judging the market can help us solve many problems.

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