Last Friday, when both NFP data and unemployment rate data were negative for gold, gold rose instead of falling, and broke through the resistance level in one fell swoop, coming below the 2700 integer mark.
From the intraday point of view, 2680 has turned from the previous resistance to support, so we need to pay close attention to the performance of this line today. If 2680 can support this correction, the price will continue to rise and test 2700 points again.
On the contrary, if it falls below the trend line, the correction space is likely to open up further.
So today I will focus on the support of the 2675-2680 range, looking for the right opportunity to buy long orders and be bullish. If it falls below this area, the above analysis does not hold.
From the intraday point of view, 2680 has turned from the previous resistance to support, so we need to pay close attention to the performance of this line today. If 2680 can support this correction, the price will continue to rise and test 2700 points again.
On the contrary, if it falls below the trend line, the correction space is likely to open up further.
So today I will focus on the support of the 2675-2680 range, looking for the right opportunity to buy long orders and be bullish. If it falls below this area, the above analysis does not hold.
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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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.