5.21 Gold Analysis 3260-3320
Gold prices rose further, from the 3120 area to 3320, which is exactly 200 US dollars.
At present, the gold price continues to fluctuate widely around the weekly level (200-300 US dollars range), forming a wide channel.
Forming two important reference prices
Pressure: 3320
Pressure: 3370
Support: 3250-3260
For today's market:
If it is strong, it will directly break through 3320 and further rise to 3370.
If it fluctuates, the 3320 position will be tested repeatedly, and the pressure will fall back to the 3260-3270 range
The space budget is around 50 US dollars, which is also the difficulty of the recent market.
As shown in the four-hour cycle:
Today's operation strategy:
As long as the gold price is above the 3250-3260 range, wait for a pullback to a low and go long, with a stop loss at 3240
As long as the gold price is below the 3320-3300 range, wait for a high point reversal and go short, with a stop loss at 3330
Gold prices rose further, from the 3120 area to 3320, which is exactly 200 US dollars.
At present, the gold price continues to fluctuate widely around the weekly level (200-300 US dollars range), forming a wide channel.
Forming two important reference prices
Pressure: 3320
Pressure: 3370
Support: 3250-3260
For today's market:
If it is strong, it will directly break through 3320 and further rise to 3370.
If it fluctuates, the 3320 position will be tested repeatedly, and the pressure will fall back to the 3260-3270 range
The space budget is around 50 US dollars, which is also the difficulty of the recent market.
As shown in the four-hour cycle:
Today's operation strategy:
As long as the gold price is above the 3250-3260 range, wait for a pullback to a low and go long, with a stop loss at 3240
As long as the gold price is below the 3320-3300 range, wait for a high point reversal and go short, with a stop loss at 3330
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.