Technical analysis of gold: Gold has slightly risen and fallen during the day, and the overall trend remains in a volatile trend. Gold is currently maintaining a narrow range of fluctuations on the daily trend, but the short-term moving average has gradually diverged downward, and there are signs of weakening in the short term on the daily line. The 4-hour level trend is temporarily maintained in a volatile state, and the price is temporarily compressed between 3010-3030. The short-term moving average continues to maintain a state close to adhesion and flattening, tending to maintain a volatile trend in the short term. It is necessary to pay attention to the continued downward trend after a small break in the 4-hour level trend. In the small-level cycle trend, after touching the previous support band, there are signs of stabilization again. Pay attention to the short-term adjustment.
From the overall situation, gold is definitely in the bull market stage. At present, there is strong buying defense at the 3000 mark, and the "W" double bottom Zou shape has appeared below. If it successfully breaks through the 3035 watershed, it is expected to test the pressure near 3045 and the historical high of 3057. Now the low point of the callback begins to move up slowly, showing a small upward trend. First, we will overestimate and undervalue in the 3030-3010 range. We can see that the current gold trend is also narrowing. There is no problem with short-term shock operations, but pay attention to the breakout after continuous shocks. The daily cycle hovers around the angle of the short-term moving average. There is a choice of direction at any time. Follow the breakout. Overall, today's short-term operation strategy for gold is mainly long on callbacks, and short on rebounds. The short-term focus on the upper resistance of 3030-3036, and the short-term focus on the lower support of 3010-3012. Friends must keep up with the rhythm. Gold operation strategy reference: short gold rebounds near 3030-3034, with a target of 3020-3015, and long gold callbacks near 3010-3014, with a target of 3020-3025.
If your current gold operation is not ideal, I hope to help you avoid detours in your investment. The information I recently shared about the gold market has received a lot of feedback, and everyone said it was very helpful! If you don’t know when to enter the market, you can follow me 🌐, I will release specific signals in real time, remember to pay attention to the bottom 🌐 signal in time.
From the overall situation, gold is definitely in the bull market stage. At present, there is strong buying defense at the 3000 mark, and the "W" double bottom Zou shape has appeared below. If it successfully breaks through the 3035 watershed, it is expected to test the pressure near 3045 and the historical high of 3057. Now the low point of the callback begins to move up slowly, showing a small upward trend. First, we will overestimate and undervalue in the 3030-3010 range. We can see that the current gold trend is also narrowing. There is no problem with short-term shock operations, but pay attention to the breakout after continuous shocks. The daily cycle hovers around the angle of the short-term moving average. There is a choice of direction at any time. Follow the breakout. Overall, today's short-term operation strategy for gold is mainly long on callbacks, and short on rebounds. The short-term focus on the upper resistance of 3030-3036, and the short-term focus on the lower support of 3010-3012. Friends must keep up with the rhythm. Gold operation strategy reference: short gold rebounds near 3030-3034, with a target of 3020-3015, and long gold callbacks near 3010-3014, with a target of 3020-3025.
If your current gold operation is not ideal, I hope to help you avoid detours in your investment. The information I recently shared about the gold market has received a lot of feedback, and everyone said it was very helpful! If you don’t know when to enter the market, you can follow me 🌐, I will release specific signals in real time, remember to pay attention to the bottom 🌐 signal in time.
Trade active
Dear friends, I always pay attention to the market dynamics. Gold fluctuates in a narrow range around 3016-3020, which makes us not have a suitable price to enter the market. So I hope that everyone can maintain a correct mentality in trading like me, and patiently wait for the right time to enter the market. Everyone must be patient and keep a stable mentality. In the future, we will continue to fight side by side, seize every profit opportunity, and reap a lot in the game of gold investment! If your current gold operation is not ideal, I hope to help you avoid detours in investment.
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Related publications
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.