📊From the daily line structure, gold is currently in a new round of rise, and the short-term bullish structure has not been broken. However, it should be emphasized that this round of rebound is a technical repair of the previous decline, and the upper space is relatively limited.
📊From the weekly and monthly levels, there are currently no conditions to break the adjustment trend since 3,500, and the overall level is still a staged rebound in a large-scale correction. Therefore, the current rise to above 3,300 should be regarded as an opportunity to reduce losses or unwind the funds trapped at the previous high, and it is not advisable to blindly chase the rise.
📊From the 4-hour chart: the Bollinger Bands are opening upwards and the short-term moving averages are in a bullish arrangement, indicating that short-term bulls still take the initiative; however, the current upward momentum is mainly driven by the geopolitical situation between Russia and Ukraine, and has a certain degree of emotionality; if geopolitical risks ease, gold prices may face a risk of a correction.
🔴Resistance level 1: 3330, which is the previous high and structural pressure area;
🔴Resistance level 2: 3350, which will become an important upward target.
🟢Support level 1: 3290, if it holds steady, the short-term bullish structure can still be maintained
🟢Support level 2: 3250, which is the key watershed for medium-term rise and the core defensive position for bulls
✅The current rise is mainly stimulated by geopolitics, and is not entirely based on technical support. If the relevant situation eases, the gold price may fall rapidly, and it is necessary to strengthen the profit-taking and risk control strategies.
📊From the weekly and monthly levels, there are currently no conditions to break the adjustment trend since 3,500, and the overall level is still a staged rebound in a large-scale correction. Therefore, the current rise to above 3,300 should be regarded as an opportunity to reduce losses or unwind the funds trapped at the previous high, and it is not advisable to blindly chase the rise.
📊From the 4-hour chart: the Bollinger Bands are opening upwards and the short-term moving averages are in a bullish arrangement, indicating that short-term bulls still take the initiative; however, the current upward momentum is mainly driven by the geopolitical situation between Russia and Ukraine, and has a certain degree of emotionality; if geopolitical risks ease, gold prices may face a risk of a correction.
🔴Resistance level 1: 3330, which is the previous high and structural pressure area;
🔴Resistance level 2: 3350, which will become an important upward target.
🟢Support level 1: 3290, if it holds steady, the short-term bullish structure can still be maintained
🟢Support level 2: 3250, which is the key watershed for medium-term rise and the core defensive position for bulls
✅The current rise is mainly stimulated by geopolitics, and is not entirely based on technical support. If the relevant situation eases, the gold price may fall rapidly, and it is necessary to strengthen the profit-taking and risk control strategies.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉Free Group：t.me/+Js1lIktpZeY0ZWM9
✉️VIP Channel : t.me/Jack_blackwell
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.