At the beginning of the week, gold was under pressure around the downward trend line of 3360. Yesterday, it was consolidated below the trend line and broke through the previous day's low of 3290 to further open up space. It was basically the same as yesterday's idea. Yesterday, 3323-3325 was given as the highest point of the day. After breaking through 3290, it followed the trend to increase positions and follow up with shorts. As the pattern broke, it closed lower. The space is further opened. The daily and weekly lines show signs of further closing down and falling. Today, it will re-test the 3200-3190 area.
The 4-hour chart of gold shows that the Bollinger channel is opening upward, and the short-term trend is obviously weak. From the perspective of the moving average system, the short-term moving average is in a long arrangement, which continues to suppress the gold price, and the upward trend is further confirmed. In terms of operation, it is recommended to maintain a low-long strategy and focus on the long opportunities after the callback. The main idea for intraday short-term trading is to buy on dips. The upper resistance level is 3220-3225 area, and the lower support is 3250-3245. The specific operation suggestion is to consider buying when it pulls back to 3288-3293 area.
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✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.
✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.