Gold price support level: 3320-3325
Thinking for next week:
Short-term opening focus: Pay attention to the short-term support level of 3320-3325.
If this support level fails to break through, we will look for opportunities to continue to go long.
Intraday focus: 3300-3306 first-line support
If this support level fails to break through, we will also look for opportunities to continue to go long.
From the 4-hour market analysis;
Pressure zone: Pay attention to 3378-80 above
Support zone: Pay attention to 3320-25/3300-3306 below,
Temporarily rely on this range to maintain low-multiple participation as the main tone, wait and see in the middle line, be cautious in chasing orders, and patiently wait for key points to enter the market.
From a technical point of view:
Currently, the gold price is stable above 3330, not only above the key upward trend line, but also above the hourly and daily moving averages, showing a strong structure of the bull market.
As shown in the figure:
I have clearly shown the future head and shoulders bottom structure
Strong structure: white path
Potential structure: blue path
The price is currently hovering around the middle track 3305, which is the first trend line support level of this round of rise.
It is expected that the gold price will fluctuate between $3300 and $3380 next week. If the market sentiment rises further, it is expected to test the upper limit of the range of $3428.
Gold operation strategy:
As long as the gold price is above 3320-3325, wait patiently for the callback low point to go long at 3300, the target is 3366-3370, and the breakthrough is 3378-85;
Thinking for next week:
Short-term opening focus: Pay attention to the short-term support level of 3320-3325.
If this support level fails to break through, we will look for opportunities to continue to go long.
Intraday focus: 3300-3306 first-line support
If this support level fails to break through, we will also look for opportunities to continue to go long.
From the 4-hour market analysis;
Pressure zone: Pay attention to 3378-80 above
Support zone: Pay attention to 3320-25/3300-3306 below,
Temporarily rely on this range to maintain low-multiple participation as the main tone, wait and see in the middle line, be cautious in chasing orders, and patiently wait for key points to enter the market.
From a technical point of view:
Currently, the gold price is stable above 3330, not only above the key upward trend line, but also above the hourly and daily moving averages, showing a strong structure of the bull market.
As shown in the figure:
I have clearly shown the future head and shoulders bottom structure
Strong structure: white path
Potential structure: blue path
The price is currently hovering around the middle track 3305, which is the first trend line support level of this round of rise.
It is expected that the gold price will fluctuate between $3300 and $3380 next week. If the market sentiment rises further, it is expected to test the upper limit of the range of $3428.
Gold operation strategy:
As long as the gold price is above 3320-3325, wait patiently for the callback low point to go long at 3300, the target is 3366-3370, and the breakthrough is 3378-85;
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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.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.