Gold is still in the stage of high-level shock and consolidation. Although it has not formed a strong break, the low point of the correction has gradually moved up (3000→3015), showing that the bulls are still resilient. The technical pattern has been repaired and the short-term trend is strong. The current market is in a strong shock pattern, but it needs to break through the 3035-3040 area to open up the upward space.
The three tests of 3035-3036 (the golden section 618 position) in the US market were all under pressure and fell back, indicating that there is a strong selling pressure at this position. If it cannot stand firm at 3035 in the evening, it may fall back to the 3015-3018 support zone again in the short term. If it falls below, look down to 3005-3010.
Long order strategy: 3010-3005 stabilizes and goes long, stop loss 3000, target 3030-3035.
Short order strategy: 3035-3040 is under pressure and short, stop loss 3045, target 3020-3015.
The three tests of 3035-3036 (the golden section 618 position) in the US market were all under pressure and fell back, indicating that there is a strong selling pressure at this position. If it cannot stand firm at 3035 in the evening, it may fall back to the 3015-3018 support zone again in the short term. If it falls below, look down to 3005-3010.
Long order strategy: 3010-3005 stabilizes and goes long, stop loss 3000, target 3030-3035.
Short order strategy: 3035-3040 is under pressure and short, stop loss 3045, target 3020-3015.
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Free Signals ：t.me/+HWbck2OfiTtkMGMx
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.