Today, beware of a sharp drop in gold prices: 3005--3010
From a technical perspective:
As shown in the figure: Four-hour cycle
After gold was blocked near 3021, the short-term downward pressure increased, forming an obvious downward channel.
The upper short-term resistance is concentrated in the 3020-3025 range
The lower support is at 3005-3000.
If the gold price cannot stand firm at the current price during the European session today, and continues to fall and break the support, it is expected to fall further to around 2980.
Therefore, it is necessary to focus on the support near 3000-3005.
Once it falls below this price, the gold price may fall sharply.
Similarly, we must believe in the power of the trend
As long as the price runs above 3005-3010, then adopt an unwavering long strategy
From a technical perspective:
As shown in the figure: Four-hour cycle
After gold was blocked near 3021, the short-term downward pressure increased, forming an obvious downward channel.
The upper short-term resistance is concentrated in the 3020-3025 range
The lower support is at 3005-3000.
If the gold price cannot stand firm at the current price during the European session today, and continues to fall and break the support, it is expected to fall further to around 2980.
Therefore, it is necessary to focus on the support near 3000-3005.
Once it falls below this price, the gold price may fall sharply.
Similarly, we must believe in the power of the trend
As long as the price runs above 3005-3010, then adopt an unwavering long strategy
Telegram: t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.
Telegram: t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.