The price of gold has recently shown complex fluctuations. It first pulled back to around 3016 in the morning, then rebounded to 3027, then quickly fell to 3013, and then rebounded to 3025, forming an inverted V shape.
At present, gold is still in the high-level consolidation stage. The 4-hour cycle shows that the gold price is suppressed by the moving average. The current upper resistance is 3028-3032, and the lower support is 3013-3007.
Overall, gold is still in a state of adjustment. The continuous sideways fluctuations at high levels also reflect the lack of bullish power. But the trend has not changed.
Gold shorts suggest short positions in the 3035-3040 area, with a downward target of 3015-3010. Stop loss 3046.
Bulls suggest going down to 3010 to participate in long positions, with a stop loss of 3000. Look at 3028 and 3035 on the upside.
At present, gold is still in the high-level consolidation stage. The 4-hour cycle shows that the gold price is suppressed by the moving average. The current upper resistance is 3028-3032, and the lower support is 3013-3007.
Overall, gold is still in a state of adjustment. The continuous sideways fluctuations at high levels also reflect the lack of bullish power. But the trend has not changed.
Gold shorts suggest short positions in the 3035-3040 area, with a downward target of 3015-3010. Stop loss 3046.
Bulls suggest going down to 3010 to participate in long positions, with a stop loss of 3000. Look at 3028 and 3035 on the upside.
Trade active
If the price does not break the 3020-3018 level, we will participate in the long position depending on the situation.Or wait for the rebound and then go short at a high level. Area around 3030
GOLD BUY 3015-3018
SL 3005
TP 3030
TP 3035
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Free Signals ：t.me/+HWbck2OfiTtkMGMx
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.