Key support for gold today: 2730-2735
Key support for gold today: 2730-2735
1. On the 28th, gold closed negative overnight, fluctuated repeatedly during the day and then went down. It hit 2730 in the early morning and then rebounded. At the same time, the daily line showed a unilateral downward trend near the absolute historical high.
Whether it can continue to fall today is the key to the short-term trend.
But the macro-cyclical trend has not weakened, so we must be wary of the wash-out consolidation and callback, and gradually fall back.
If there is no continuous negative news, it is still treated as a callback. The upper pressure is still around 2755. If it stabilizes at this position, the bulls will continue to counterattack. The lower support is 2735 and 2725. According to the actual decline, the bulls are considerable!
Operation suggestion: Gold is long near 2725, stop loss 2705, target 2740, 2755, 2765, 2770+
1. On the 28th, gold closed negative overnight, fluctuated repeatedly during the day and then went down. It hit 2730 in the early morning and then rebounded. At the same time, the daily line showed a unilateral downward trend near the absolute historical high.
Whether it can continue to fall today is the key to the short-term trend.
But the macro-cyclical trend has not weakened, so we must be wary of the wash-out consolidation and callback, and gradually fall back.
If there is no continuous negative news, it is still treated as a callback. The upper pressure is still around 2755. If it stabilizes at this position, the bulls will continue to counterattack. The lower support is 2735 and 2725. According to the actual decline, the bulls are considerable!
Operation suggestion: Gold is long near 2725, stop loss 2705, target 2740, 2755, 2765, 2770+
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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.