The 4-hour chart shows that the short-term moving averages of gold are converging, and the lower shadows of the K-lines appear frequently. The downward momentum is weakening, which may indicate a technical correction after a period of sideways consolidation, and there is a possibility of a second upward pull.
The hourly chart shows that the price range is narrowing, and the technical pattern is gradually being adjusted into place. Currently, the upper resistance levels are between 3137 and 3142, and the lower support levels are between 3111 and 3107.
In terms of trading operations, I suggests mainly taking short positions near the end of the trading session, with going long on the pullback as a secondary strategy.
XAUUSD Trading Strategy:
sell@3130-3135
TP:3120-3110
buy@3110-3115
TP:3125-3130
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
The hourly chart shows that the price range is narrowing, and the technical pattern is gradually being adjusted into place. Currently, the upper resistance levels are between 3137 and 3142, and the lower support levels are between 3111 and 3107.
In terms of trading operations, I suggests mainly taking short positions near the end of the trading session, with going long on the pullback as a secondary strategy.
XAUUSD Trading Strategy:
sell@3130-3135
TP:3120-3110
buy@3110-3115
TP:3125-3130
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
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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.
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.