Gold is still in the stage of falling back from highs. Resistance in the 3025-3030 area above. If gold wants to reach a new high, it must break the current downward triangle pattern.
Support at the 3000 level below, and rebound and pull up after a second dip at this position. The short-term trend is strong.
Gold rebounded and repaired in the Asian session, and the short-term rebound reached the highest level of 3021. Adjusted down and rebounded at the 3015 support level in the short term. A narrow range of upward consolidation was formed in the trend.
Overall, gold focused on the adjustment of the 3015-3025 area in the European session. If a breakthrough is ushered in in the US session, it will play a leading role in the long and short directions.
Operation suggestions:
Gold fell back to 3010-3005 long positions, stop loss 2998. Target 3020, 3030.
Gold rushed to 3030-3025 short positions, stop loss 3040. Target 3015, 3005.
Trade active
Gold rebounded and fluctuated upward. In the US market, it is currently testing the 3025 resistance again. If this position stabilizes, it will further test the 3036-3038 line.gold sell 3030-3032
sl 3040
tp 3015
tp 3005
Trade closed: target reached
Gold rebounded in the rising channel, fell back after breaking through, and is currently testing the bottom support of the 3016 channel. If it falls below this position, gold will enter a weak phase in the short term.Short-term resistance 3030
Short-term support 3016
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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.