Last Friday, gold rebounded to near resistance. Although the indicator in the 30M level chart shows that there is still some rebound momentum, the space is not very large, because the head and shoulders pattern has appeared in the early stage, and the pressure on the bulls is still very large.
Therefore, in the intraday trading on Monday, we can focus on short trading around the resistance area of 3027-3040. The single needle bottoming provides good support, so TP does not need to be set too large for the time being. The previous rising point of 3007 is used as a reference support, and TP is controlled in the range of $10-$16. Personally, it is expected to be in the 3018-3011 area.
I will update the specific trading information during the intraday, please pay attention to the content of the intraday update. If you have any questions, you can leave me a message, and I will reply to you in time when I see it.
I wish you all a prosperous new week!
Therefore, in the intraday trading on Monday, we can focus on short trading around the resistance area of 3027-3040. The single needle bottoming provides good support, so TP does not need to be set too large for the time being. The previous rising point of 3007 is used as a reference support, and TP is controlled in the range of $10-$16. Personally, it is expected to be in the 3018-3011 area.
I will update the specific trading information during the intraday, please pay attention to the content of the intraday update. If you have any questions, you can leave me a message, and I will reply to you in time when I see it.
I wish you all a prosperous new week!
Trade active
As expected, the price has reached around 3018
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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.
Objective market analysis, accurate trading signals, welcome everyone to join and experience the fun of making money
t.me/+3slQbdahSmJmOTE0
t.me/+3slQbdahSmJmOTE0
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.