Gold may fall sharply on March 27
Technical key position game: Gold has risen by more than 15% this year, and hit a record high of $3057.21 on March 20. It currently needs to break through the 3035 watershed to confirm the continuity of the upward trend.
Daily level:
Prices fluctuate in a narrow range, and there is pressure for a correction.
3000 integer mark, once it breaks, there is a high probability of a waterfall
4-hour level:
The fluctuation range is narrowed to $3010-3030, and it is necessary to be vigilant about the unilateral market after the break.
There is a lack of clear direction in the short term, but a new round of market conditions is about to break out.
Key points:
Support: 3010-3015 (4 hours ago low + psychological barrier), 3000 (double bottom neckline).
Resistance: 3030-3036 (recent fluctuation upper edge), 3057 (historical high).
Operation strategy:
1. Range oscillation strategy (applicable before data release)
Short order: Rebound to 3028-3030, try to short with light position, stop loss 3040, target 3020-3015.
Long order: Pullback to 3010---2980, can be long with light position, stop loss 5-10 points, target
3025-3030.
2. Breakthrough follow-up strategy:
Break through 3030: chase long, target 3045-3057, stop loss 3025.
Break through 3005: chase short, target 2995-2980, stop loss 3018.
Sentiment: The market has fully digested the Fed's "dovish" expectations, beware of PCE data exceeding expectations and triggering a correction.
Technical key position game: Gold has risen by more than 15% this year, and hit a record high of $3057.21 on March 20. It currently needs to break through the 3035 watershed to confirm the continuity of the upward trend.
Daily level:
Prices fluctuate in a narrow range, and there is pressure for a correction.
3000 integer mark, once it breaks, there is a high probability of a waterfall
4-hour level:
The fluctuation range is narrowed to $3010-3030, and it is necessary to be vigilant about the unilateral market after the break.
There is a lack of clear direction in the short term, but a new round of market conditions is about to break out.
Key points:
Support: 3010-3015 (4 hours ago low + psychological barrier), 3000 (double bottom neckline).
Resistance: 3030-3036 (recent fluctuation upper edge), 3057 (historical high).
Operation strategy:
1. Range oscillation strategy (applicable before data release)
Short order: Rebound to 3028-3030, try to short with light position, stop loss 3040, target 3020-3015.
Long order: Pullback to 3010---2980, can be long with light position, stop loss 5-10 points, target
3025-3030.
2. Breakthrough follow-up strategy:
Break through 3030: chase long, target 3045-3057, stop loss 3025.
Break through 3005: chase short, target 2995-2980, stop loss 3018.
Sentiment: The market has fully digested the Fed's "dovish" expectations, beware of PCE data exceeding expectations and triggering a correction.
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Disclaimer
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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.