Important support level for gold price: 3305-3315
Most people in the market were originally bullish. After all, the US sneak attack on Iran did cause tension, but the market unexpectedly weakened and fell.
Intraday trading:
The macro shock structure is shown in Figure 4h:
Focus on the fluctuations in the range of 3300-3400 US dollars.
From the hourly line observation: the gold price may currently enter the flag adjustment stage.
Short-term resistance is: 3368, followed by the high point of 3393, and the overall trend is still facing short-selling pressure.
Due to the recent large fluctuations in gold prices, market sentiment will not subside quickly.
It is necessary to pay attention to whether it can stand on the first key position of 3368 today.
After a short-term rapid decline, it is not advisable to directly chase short positions and increase positions, and it is necessary to wait and see appropriately.
Although yesterday's trading was difficult, the current market has sent a clear signal:
The callback is an opportunity to continue shorting!
Today's gold operation strategy recommends shorting at high levels and long at low levels.
Upper pressure range: 3368-3388;
Lower support range: 3330-3300;
If it falls below $3350, it may fall to $3300.
Low price long range: 3305-3315, stop loss range: 3300-3295
High price short range: 3368-3380, stop loss range: 3388-3395
Most people in the market were originally bullish. After all, the US sneak attack on Iran did cause tension, but the market unexpectedly weakened and fell.
Intraday trading:
The macro shock structure is shown in Figure 4h:
Focus on the fluctuations in the range of 3300-3400 US dollars.
From the hourly line observation: the gold price may currently enter the flag adjustment stage.
Short-term resistance is: 3368, followed by the high point of 3393, and the overall trend is still facing short-selling pressure.
Due to the recent large fluctuations in gold prices, market sentiment will not subside quickly.
It is necessary to pay attention to whether it can stand on the first key position of 3368 today.
After a short-term rapid decline, it is not advisable to directly chase short positions and increase positions, and it is necessary to wait and see appropriately.
Although yesterday's trading was difficult, the current market has sent a clear signal:
The callback is an opportunity to continue shorting!
Today's gold operation strategy recommends shorting at high levels and long at low levels.
Upper pressure range: 3368-3388;
Lower support range: 3330-3300;
If it falls below $3350, it may fall to $3300.
Low price long range: 3305-3315, stop loss range: 3300-3295
High price short range: 3368-3380, stop loss range: 3388-3395
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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 Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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.