⭐️Gold information:
Looking back at last week's trend, after hitting a high on Monday, gold prices fluctuated in a range from Tuesday to Thursday, and closed with a sharp drop on Friday, forming an M-top pattern from a technical perspective.
This week, the market focus is on the high-level trade negotiations between China and the United States held in London. The market expects that the negotiations will proceed smoothly, and this optimism is bearish for gold. Based on the comprehensive technical and fundamental analysis, the gold price is still bearish today. It is recommended to pay attention to the short-selling opportunities in the rebound range of 3330-3340 US dollars.
⭐️Set gold price:
🔥Sell gold area: 3330-3340 SL 3345
TP1: $3320
TP2: $3310
TP3: $3295
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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.
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.