3.26 Technical analysis of short-term gold operationsGold is still supported by risk aversion, but it quickly fell back after rising. In fact, the support of safe-haven gold is not surprising. However, since the gold bulls did not continue, it means that the space for gold bulls is also limited. Gold rose and fell in the US market. Gold was directly short at 3032. Gold fell as expected. The US market rebounded high and was still short.
Gold's 1-hour moving average is still in a downward dead cross. Gold bulls cannot reverse the situation. Gold fell directly to 3035 in the US market under pressure.
Support level: 3018 3005 3000
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Goldlongsetup
Gold focuses on suppression near 3038 aboveThe hourly chart suppression point of gold is around 3038. As long as the trend line is not stable, gold may still retreat. At present, we need to pay attention to whether 3038 can be stabilized. As long as you do not stand firmly above this position, you can rely on the 3030-40 range to go short.
GOLD ALERT | BIG DROP LOADING!🏦 Institutions Are Taking Profits – Are You Ready for the Next Move?
For the last 4 weeks, institutions have been reducing their long positions on #GOLD ( OANDA:XAUUSD ). This is exactly what I warned about – profit-taking from big players, signaling potential downside ahead.
technical down
Gold (XAUUSD)📈 Current Price: $3,024.155 (+0.15%)
⏳ Timeframe: 4H (OANDA)
Volume: 27.16K
🔍 Technical Analysis
Entry Zone Identified ($3,030)
Gold is currently in a critical decision zone at $3,030, marked as the "Entry Zone."
If price breaks above this level with strong volume, it could rally towards $3,050–$3,070.
Key Resistance: Around $3,070 (previous highs).
Potential Rejection & Downside Risk
If gold fails to break the entry zone and faces rejection, it could decline towards $3,010 or even $3,000.
Support: Strong demand zone around $3,010; further support at $2,990.
Projected Move
The chart suggests a bullish breakout if gold holds above the entry zone.
Expected Upside: → $3,050 → $3,070
Bearish Scenario: If rejected, watch for a drop to $3,010 → $3,000.
🌎 Fundamental Drivers (Recent News & Market Sentiment)
📊 Fed's Rate Decision & Inflation Outlook
Fed Chair Jerome Powell has hinted at potential rate cuts by mid-2025, citing slowing inflation.
A dovish Fed stance is bullish for gold, as lower interest rates weaken the dollar and boost demand for non-yielding assets like gold.
📉 U.S. Dollar Weakness & Bond Yields
The U.S. Dollar Index (DXY) has softened, making gold more attractive to international buyers.
10-Year Treasury Yields remain volatile, but any decline favors gold.
📈 Geopolitical Tensions & Safe-Haven Demand
Rising concerns over Middle East conflicts and China-Taiwan tensions have increased demand for gold as a safe-haven asset.
Central banks (including China and India) continue to accumulate gold reserves, adding upward pressure on prices.
🏛️ Central Bank Buying
Reports indicate that China’s PBOC (People’s Bank of China) has increased gold reserves for the 17th consecutive month.
BRICS nations are also accumulating gold, signaling de-dollarization trends that could further boost prices.
🔮 Conclusion: What’s Next for Gold?
Short-Term View:
Bullish Above: $3,030, targeting $3,050–$3,070.
Bearish Below: If rejected, expect $3,010–$3,000 retest.
Long-Term View:
Given macroeconomic trends (Fed policy shift, central bank buying, geopolitical risks), gold remains in a strong uptrend.
If the Fed confirms rate cuts, $3,100+ levels become realistic in Q2 2025.
🚀 Gold traders should closely monitor the $3,030 entry zone for confirmation of a breakout or rejection. 🚀
GOLD (XAU/USD) H1 Trading Plan📉 GOLD (XAU/USD) H1 Trading Plan 📉
🔹 Wait for Sell-Side Liquidity Break! 🏦💧
Gold is currently testing key liquidity zones. Before entering a trade, we must wait for a sell-side liquidity grab (sweep of lows). Once liquidity is taken, shift to a lower time frame (M5/M15) for confirmation before executing a position.
✅ Trading Steps:
1️⃣ Identify sell-side liquidity zones (equal lows, swing lows).
2️⃣ Wait for a break below liquidity to confirm stop-hunt.
3️⃣ Look for bullish confirmation on LTF (Break of Structure, order block, or engulfing candle).
4️⃣ Enter with tight stop-loss & proper risk management.
Gold (XAU/USD) Bullish Pennant Breakout**Gold Price (XAU/USD) – Breakdown & Trading Strategy**
Chart suggests a **bullish pennant breakout**, meaning Gold could continue its uptrend. Let's analyze this move and discuss potential trade setups.
**1️⃣ Technical Analysis of XAU/USD**
**📌 Key Levels:**
- **Current Price:** $3,011.695
- **Support Levels:**
- **$3,005 (7 EMA) →** Short-term dynamic support.
- **$2,999 (21 EMA) →** Intermediate support.
- **$2,988 (50 EMA) →** Stronger support level.
- **Resistance/Target Levels:**
- **$3,028-$3,035 →** Minor resistance zone.
- **$3,050-$3,080 →** Bullish pennant target.
- **$3,100 →** Psychological resistance.
**📊 Bullish Pennant Formation:**
- A bullish pennant is a **continuation pattern** that forms after a strong upward move.
- Price consolidates within a small triangle before breaking out upwards.
- Based on the height of the pole before the pennant, the target extends towards **$3,050-$3,080**.
**📈 Volume Confirmation:**
- The **volume increased** during the breakout, which is a **strong bullish sign**.
- If volume remains high, Gold can push towards $3,050+.
**2️⃣ Trading Strategy for XAU/USD**
**🔥 Long (Buy) Trade Setup:**
✔️ **Entry:**
- Enter at **current levels ($3,011-$3,015)** or on a **retest of $3,005** for a better risk-reward.
- Alternatively, wait for a break above **$3,020** for confirmation.
✔️ **Stop-Loss (SL):**
- **Conservative SL:** Below $2,988 (50 EMA).
- **Aggressive SL:** Below $3,000 (psychological level).
✔️ **Take-Profit (TP) Targets:**
1. **$3,028-$3,035** (first resistance zone).
2. **$3,050** (bullish pennant target).
3. **$3,080-$3,100** (extended target).
**⚠️ Short (Sell) Trade Setup (Reversal Scenario):**
❌ **Only consider shorting if:**
- Price **rejects $3,020-$3,030** multiple times.
- It **breaks below $2,988**, confirming a trend reversal.
✔️ **Entry:** Below **$2,988**.
✔️ **Stop-Loss:** Above $3,020.
✔️ **Targets:**
1. **$2,965** (next support).
2. **$2,940** (strong support zone).
**3️⃣ Summary: What to Watch Next**
✅ **Bullish Bias:** As long as Gold holds above $2,988-$3,000.
⚠️ **Watch FOMC Meeting:** Wednesday’s Fed decision could drive volatility.
📊 **Monitor Volume & EMAs:** If price stays above the **7 EMA ($3,005)**, expect more upside.
Gold’s Big Moment: $3,000 in Play – Can Bulls Hold It?Gold has finally reached the psychological $3,000 level, triggering the first round of sell-offs as traders take profit. The question now is whether this move can sustain itself or if we are set for a deeper pullback. Given the rapid move up, I remain cautious, ready to cut the trade quickly if I see signs of weakness in the continuation.
Fundamentals:
• Market Sentiment: Bullish drivers remain strong as gold benefits from rising inflation expectations and the Fed’s rate pause, which has fueled demand for safe-haven assets.
• Geopolitical & Economic Factors:
• President Trump’s aggressive tariff agenda is fanning concerns about global trade, increasing risk aversion and driving flows into bullion-backed assets.
• Chinese jewelry stocks are soaring, signaling growing demand for gold in the region.
• The CME FedWatch Tool indicates a 97% probability that the Fed will hold rates steady at its next meeting, reinforcing gold’s appeal.
• Technical Considerations:
• Gold hit a fresh all-time high of $2,993, putting the psychological $3,000 mark in focus.
• Above $3,000, there is little historical price action to guide resistance levels, making price discovery uncertain.
• On the downside, $2,970 acts as a key pivot, with $2,951 and $2,914 serving as strong support zones if a deeper retracement occurs.
Risk Management:
• The first sell-off at $3,000 indicates short-term profit-taking.
• I am monitoring price action closely and will exit quickly if the move proves unsustainable.
Let’s see if gold can hold above $3,000 or if we are in for a correction!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Will Gold Break 3000? (Potential Bullish Continuation)Gold price seems to exhibit signs of overall bullish continuation on the Longer Timeframes as the price action may break the previous All Time High of 2956.
A potential break may be indicative of another top OR a new high.
We take our chance on the basis of a proper Bullish Breakout.
Trade Plan :
Entry @ 2967
Stop Loss @ 2822
TP 1 @ 3112
GOLD | XAUUSD Weekly Market Forecast: Mar 10-14 In this video, we will analyze the GOLD Futures. We'll determine the bias for the upcoming week, and look for the best potential setups.
Gold has consolidated for the last half of the previous week. Trading in a ranging market is not recommended! But waiting until there is an obvious sweep of the high or low liquidity pools can give us an indication which side the market will break the consolidation. Patience and a watchful eye will allow us to take advantage of the momentous opportunity.
Enjoy!
May profits be upon you.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
3.7 Gold wedge wide consolidation, waiting for non-agricultural 2928 is the defensive point, short near 2923, if weak, it is 19-20 here, once the four-hour below the medium-term moving average, it is dispensable for the evening data, basically it is a rebound short, pay attention to the three points below 95-84-65. Personally, I expect that today will be a Black Friday.
Trading is for profitable trading, not for gambling or trading, so traders must understand what operations to take at what stage the price is! Traders are not always long or short, and traders always change with market changes! Traders must have their own defense system to control risks!
Gold will hit new highsFrom the current gold daily chart, gold prices are defending above $2,900/ounce. However, only if the gold price closes above the static resistance of $2,930/ounce, the upward trend may regain traction. The relative strength index (RSI) has fallen slightly, but it remains above 50, indicating that the bullish potential still exists. At the same time, if the non-agricultural data rises to 2,930 today, there is still the potential to break the high!
Then the current gold price is still strong. There is a little pressure on 2922 in the short term, but the upward trend remains unchanged. As long as it does not fall below 2,900, it will continue to be bullish in the short term.
The best trading method is that the price has repeatedly stepped back to confirm the support of 2912-2914 and sprint upward, so you can continue to do more gold around here and defend the 2910 area. If it does not fall below 2910, the price is expected to break upward to the 2920-2923 range, and it will be expected to rise further, looking for 2930, and then 2945-2947
GOLD NEXT MOVE POSSIBLE (READ) Gold Bulls Rejoice: Price Correction Presents Buying Opportunity
After a near 3% pullback this week, Gold's price (XAU/USD) is poised to rebound, driven by robust fundamentals and a weakening US dollar. The precious metal's correction presents a buying opportunity for investors seeking to capitalize on the ongoing tariff tensions and growing demand for safe-haven assets.
Key Levels to Watch:
- Support: $2,790 (strong demand zone), $2,835 (moderate support), and $2,856 (minor support)
- Resistance: $2,888 (daily Pivot Point), $2,909 (daily R1), and $2,941 (daily R2)
Market Sentiment:
The daily digest market movers indicate a risk-on mood, with investors seeking safe-haven assets like Gold. The CME Fedwatch Tool shows increasing odds of a June rate cut, which could further boost Gold prices.
Growing Demand:
Gold ETFs are seeing significant inflows, with onshore fund holdings increasing by 17.7 tons in the first three weeks of February. This growing demand, combined with ongoing geopolitical tensions, sets the stage for a potential breakout above $3,000.
What's Next?
Our experts predict a strong rebound in Gold prices, driven by the confluence of technical and fundamental factors. Stay tuned for our weekly XAU/USD forecasts, where we provide insights into the next possible moves of the gold-dollar pair.
Best regards Travis ❤️
Updated XAU/USD (Gold) Multi-Timeframe Analysis – March 4, 2025Analyzing M15, M30, H1, H4, and D1 charts for a precise trade execution strategy.
1. Market Structure Overview (Multi-Timeframe)
M15 (15-Minute Chart)
CHoCH (Change of Character) indicates bullish momentum.
Currently testing equilibrium (~$2,888 - $2,890).
Weak high at PDH (Previous Day’s High) around $2,893, which may act as resistance.
M30 (30-Minute Chart)
Break of structure (BOS) confirms bullish short-term trend.
Price is hovering near PDH ($2,893).
If it fails to break above $2,895, a short-term rejection is possible.
H1 (1-Hour Chart)
Bullish CHoCH confirms the short-term uptrend.
PDH ($2,893) remains a crucial level.
If broken, a rally toward $2,910 - $2,920 is likely.
H4 (4-Hour Chart)
Testing supply zone at PDH ($2,893).
Potential retracement to $2,865 - $2,870 before continuation higher**.
D1 (Daily Chart)
Price bounced from a key demand zone around $2,850.
Still bearish on the higher timeframe unless price reclaims $2,920 - $2,950.
If $2,900 - $2,920 rejects, more downside is expected.
2. Expected Scenarios & Probability
Scenario 1: Short-Term Bearish Rejection (60% Probability)
If price fails to break $2,895 - $2,900, expect a rejection down to $2,870 - $2,865.
Confirmation: Bearish rejection candle at PDH ($2,893).
Scenario 2: Bullish Breakout (40% Probability)
If price closes above $2,895, expect a move toward $2,910 - $2,920.
Confirmation: Strong breakout and candle close above $2,895.
3. Trading Plan
Sell Setup: (Primary Trade - 60% Probability)
Entry: $2,893 - $2,895.
SL: $2,905 (Above resistance).
TP1: $2,880 (First liquidity level).
TP2: $2,870 (Discount zone).
TP3: $2,865 (Major demand zone).
Risk-Reward Ratio: 1:3.
Buy Setup: (Countertrend - 40% Probability)
Entry: $2,895 - $2,900.
SL: $2,885 (Below weak low).
TP1: $2,910 (Short-term liquidity).
TP2: $2,920 (Key supply zone).
Risk-Reward Ratio: 1:3.
4. Final Trade Execution Summary:
Trade Type Entry Stop-Loss Take-Profit 1 Take-Profit 2 Take-Profit 3 R:R
Sell Setup $2,893 - $2,895 $2,905 $2,880 $2,870 $2,865 1:3
Buy Setup $2,895 - $2,900 $2,885 $2,910 $2,920 - 1:3
📌 Additional Execution Tips:
Watch for a rejection at $2,893 - $2,895 before shorting.
If price closes above $2,895, shift to buy mode.
Use M5/M15 for precise entries and candle confirmations.
Avoid entering during high-impact news releases.
Risk per trade: 1-2% of capital for optimal risk management.
3.4 Short-term technical analysis of goldLatest technical analysis of gold
Despite the rebound in gold prices in the Asian session on Monday, the technical side of gold prices deserves caution before making new bullish bets.
From a technical perspective, gold prices fell below the 23.6% Fibonacci retracement level of the rebound from December to February last year last week, which is seen as a key trigger by sellers. In addition, oscillators on the daily chart have just begun to gain negative traction and support the prospect of gold prices continuing the corrective pullback from the historical peak.
Therefore, any subsequent gains may still be seen as selling opportunities and are limited near $2,885/oz. The $2,900/oz mark is closely followed, and if it is broken, gold prices may climb to $2,934/oz before moving towards the record high near $2,956/oz.
On the other hand, Friday's swing low (around the $2,833-2,832/oz area) now seems to protect the recent downside. If it falls below the above area, gold prices may fall to the 38.2% Fibonacci level (around $2,815-2,810/oz). If gold encounters some follow-up selling and falls below the $2,800/oz mark, it may indicate that gold prices have peaked and may pave the way for further declines.
XAUUSD ( GOLD ) TODAY'S CHART MAPPING IN 30M TFWelcome To Another Day Of TRADING Guys
As you know Xauusd is already at higher position and it's still in buying zone
Probably Xauusd make again 2790 so here is set-up for today
Support level 2770
2nd Support level 2762/59
Target well be. 2789
Let me know your thoughts in the comments section have a good trade guy's
GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEKGOLD 12H CHART UPDATE: 24th FEB 2025
Hello Everyone,
Here’s the latest 12H GOLD chart update, offering a thorough review of recent price movements and key insights for the upcoming sessions. Since October 2023, our careful tracking has maintained 100% target accuracy, as reflected by the Golden Circle markers on the charts. Let’s explore the highlights and what lies ahead.
* Gold touched ATH last week at 2954.81
* Gold price has been fluctuating between two weighted level above with a gap 2948 and with a gap below 2903 the whole week. The Resistance 2948 and support level 2903 reacted well.
What is next for GOLD?
* Resistance Levels: 2948, 2993, 3041, 3092
* Support Levels (GoldTurn Levels): 2900, 2856, 2813, 2770, 2710, 2664, 2599
* FVG is providing strong support at 2920 which might push price bullish
EMA5 Behavior (Red Line):
Current EMA5: 2937.47
Bullish Targets
EMA5 cross and lock Above 2948, will open the following bullish target 2993
EMA5 cross and lock Above 2993, will open the following bullish target 3041
EMA5 cross and lock Above 3141, will open the following bullish target 3092
Bearish Targets
EMA5 hold and cross Below 2900: will open the following bearish target 2856
EMA5 cross and lock Below 2856: will open the following bearish target 2813
EMA5 cross and lock Below 2813: will open the following bearish target 2770
EMA5 cross and lock Below 2770: will open the following bearish target 210
EMA5 cross and lock Below 2710: will open the following bearish target 2664 (Retracement Range)
Long-Term Outlook:
Maintain a bullish bias while using pullbacks as buying opportunities.
Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops.
Trade with precision, discipline, and confidence. Our accurate, multi-timeframe analysis equips you to navigate the market effectively. Stay updated with daily insights to remain ahead of market trends.
We appreciate your support! Don’t forget to like, comment, and share this post to help others benefit.
Best regards,
📉💰 The Quantum Trading Mastery Team
GOLD | Bearish Reversal Pattern – More Downside Ahead?### **Analysis & Description:**
This is a **1-hour chart of XAU/USD (Gold vs. U.S. Dollar)** from TradingView, highlighting a **bearish trend reversal pattern**. The price action forms a series of **lower highs and lower lows**, indicating a clear **downtrend formation**.
#### **Key Observations:**
1. **Lower Highs & Lower Lows:**
- The chart outlines a classic **bearish market structure** with multiple rejection points.
- Each bullish rally is met with strong selling pressure, leading to a downward continuation.
2. **Momentum Weakness (MACD Indicator):**
- The MACD at the bottom indicates **bearish momentum**, with both the MACD line and Signal line in negative territory.
- This suggests that selling pressure dominates and further downside movement is likely.
3. **Price Projection:**
- The final arrow suggests **further downside movement**, possibly breaking below key support zones.
- If price breaks below the **$2,807 support**, it could accelerate selling toward **$2,780 – $2,750 zones**.
4. **Possible Trading Strategy:**
- **Bearish Confirmation:** Traders should watch for a breakdown below **$2,807** for a short-selling opportunity.
- **Bullish Reversal?:** If price forms a strong support at **$2,807**, we may see a bounce before further downside.
### **Conclusion:**
Gold is currently in a **short-term downtrend**, and traders should be cautious of potential bearish continuation. However, **fundamental news events** could also impact price action, so it's essential to monitor economic data and market sentiment.
#### **Key Levels to Watch:**
- **Support:** $2,807 – $2,780
- **Resistance:** $2,846 – $2,880
📉 **What do you think? Will gold continue to drop, or will we see a reversal soon? Drop your thoughts below!** 🚀
xauusd:2800 is about to fallThe impact of the news is gradually fading from people's vision, so trading needs to rely on technical indicators and K-line charts.
The current trend has changed, mainly showing a downward trend.
Once the support of 2830 below is lost, 2800 is not far away. Next week is a very important node, because the weekly non-agricultural data is about to come, and this data plays a key role next week.
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 24th FEB 2025
Hi Everyone,
Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead.
Recap of Recent Chart Success!
Gold recently achieved a record high of $2,954.80. Our analysis has consistently highlighted that after reaching each target level, prices tend to reverse by over 40+ pips to the GoldTurn level. This pattern was evident when, after hitting TP3 at $2,933, the price retraced more than 40+ pips to the GoldTurn level at 2870, which acted as a support, before rebounding bullishly to surpass resistance and reach the all-time high of $2,954.81.
Current Outlook: Bullish or Bearish?
Presently, gold's price is oscillating between a resistance gap at $2,990 and a support gap at $2,933. The $2,990 level serves as a key resistance, while $2,933 acts as support. Additionally, the Fair Value Gap (FVG) offers support at $2,920.
In summary, while the long-term outlook remains bullish due to factors like central bank demand and economic uncertainties, short-term fluctuations between the $2,933 support and $2,990 resistance levels are expected. Traders should monitor these key levels and indicators closely to inform their strategies.
KEY LEVEL: 2870
Resistance Levels: 2990, 3052
Support Levels (GoldTurn Levels): 2933, 2870, 2801, 2744, 2671, 2595
EMA5 Behavior:
* Or If EMA5 crosses and locks above 2933, it strengthens the bullish case.
* If EMA5 fails to hold above 2933, cross and lock below this level 2933, expect a pullback to key GOLDTURN levels below.
Recommendations:
* Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade.
* Stay focused on shorter trades in this range-bound market to manage volatility effectively.
Long-Term Bias:
Maintain a bullish outlook while viewing pullbacks as buying opportunities.
Accumulate positions near key support levels for a safer approach instead of chasing highs.
Final Note:
Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity.
Thank you for your continued trust! Don’t forget to like, share, and comment to support our work.
Best regards,
The Quantum Trading Mastery Team
What happened? The gold price fell to 2935 againAfter waking up, I found that the gold price stopped at 2635. It was strange that the price was still at 2953 when I was about to rest, and no reporter told me that there was an emergency in the middle. Why did the gold price fall so fast?
I looked at the market. After the Asian market opened, the gold price was technically corrected and the pressure from the upper high was strong, so it was adjusted back to repair the rebound affected by the news in the New York market.
The news hardly mentioned how badly things were going. On the contrary. Maybe this time the negotiations were effective. The negotiations are being revised one after another. If the peace talks come to an end, the gold price may see a large adjustment. It is expected that a few hundred points will be very easy.
At present, there is still a need for further technical corrections, leaving aside the impact of news. In the short term, the gold price still wants to break the upward channel. The bears are still very strong, and the current gold price is at 2936. The hourly candlestick chart shows that if the point near 2925 falls below, there is a high probability that it will fall below 2900 in the short term. If there is no entity breaking this position in the short term, it will still be mainly consolidating at a high of 2930-2950.
Therefore, buying low and selling high is the main option. Before the general direction is decided, it is difficult to see a unilateral sharp rise or fall in the market, so keep this trading strategy and idea.
XAUUSD: Short-term test of 2939-2942 demandThe explosion at the Russian Consulate General in Marseille has all the characteristics of a terrorist attack. With the announcement of the news, the price of gold rose by about $10 in the short term. So far, the news about Russia and Ukraine is basically calm.
So far, the transaction is in a narrow range. After the Asian session started, the lowest point fell to 2921, and then rebounded. The lowest point in the London market only touched 2935. There was no physical breakthrough, and there was a certain small support. The entire market is still in a high consolidation stage.
Combined with SMA, there is still a need to test 2939-2942 in the short term. If this position cannot be broken, we will choose the opportunity to trade long orders. The target is above 2950.
You need to maintain a cautious trading attitude before reaching the position. Try not to waste your balance.1