3278-3320 key position is mainly high sell low buyAt present, gold rebounded after falling back to 3287, and fluctuated around 3300 in the short term. Pay attention to the support area of 3278-3283 below. If it does not break this area, you can still try to go long in the short term. After all, from a technical point of view, the decline during the day is a correction and adjustment to the previous rise.
From the 4-hour chart, the upper short-term focus is on the suppression of the 3316-3320 area, and the lower focus is on the support of 3278-3283. In terms of operation ideas, continue to maintain the interval strategy of "high-altitude and low-multiple", rely on key positions to sell high and buy low, and wait patiently for effective signals before entering the market. If the structure or rhythm of the market changes, the strategy will be adjusted in time and notified separately.
Trend Lines
Breakout is next?Shaded red looks like a tough nut to crack (being in a confluence of resist zone for some major channels), but with the majority of price action over the last 5 years below (shaded blue), and weekly EMA30 as the wind on its back (red line), it may look possible now. AMEX:SILJ #silver
SelectQuote | SLQT | Long at $2.18SelectQuote NYSE:SLQT is currently resting within my historical simple moving average zone. This often signals consolidation and a future move (in this case, let's hope up). Looking at the company's financials, NYSE:SLQT is currently profitable. For Q3 2025 (ended March 31, 2025), the company reported a net income of $26.0 million, up from $8.6 million in Q3 2024. This follows a strong Q2 2025 with a net income of $53.2 million. While like most companies there are likely headwinds in 2025 (earnings are projected at a loss of -$0.20 per share due to seasonal fluctuations and investments in 2025 (e.g., new Kansas facility)), profitability is likely to stabilize in 2026, with EPS forecasts of $0.05, supported by improved Medicare reimbursement rates and operational efficiencies. Ongoing Department of Justice allegations could pose risks... but SelectQuote’s recent $350M investment and cost management suggest profitability may continue if legal issues are resolved favorably.
Thus, at $2.18, NYSE:SLQT is in a personal buy zone. There is a potential for the price to dip to the bottom of the historical simple moving average channel (near $1.25) in the near-term, but time will tell.
Targets:
$2.64
$4.24
USD/CAD Bulls Emerge at Confluent SupportUSD/CAD has responded to confluent support at 1.3714/29 - a region defined by the 78.6% retracement of the September rally and the 38.2% retracement of the 2021 advance. Note that the 25% parallel of the descending pitchfork converges on this threshold over the next few days and a break / close below is needed to fuel the next leg of the decline / mark downtrend resumption.
Initial resistance is eyed with the 61.8% retracement of the late 2023 advance / May open at 1.3794/98 and is backed closely by the median-line. Rallies should be limited to this slope IF price is heading lower on this stretch with a break / close below this pivot zone exposing subsequent objectives at 1.3590- 1.3614 and 1.3504/23 . Broader bearish invalidation extends into the 200-day moving average at 1.3990-1.4019 .
-MB
Krispy Kreme | DNUT | Long at $3.04Krispy Kreme NASDAQ:DNUT has entered and slightly exited my simple moving average "crash" indicator. More often than not, this zone (currently between $1.88 and $2.88) is a bottom indicator. However, this means there is a still a probability that stock could drop to a value less than $2 in the near future (and I wouldn't be surprised if it gets there). But predicting a "true" bottom is a fool's game. Building a position using data-driven decisions is the best strategy.
Fundamentally, NASDAQ:DNUT has many economic headwinds and a relatively high probably of bankruptcy in the next 24 months. It brought in $1.6 billion in revenue in 2024 and is a great target for takeover, but that requires a crystal ball. Earnings are anticipated to become positive by 2026, but growth is slow. The dividend yield, currently around 4.8%, may get cut in the near-term to help the company financially (again, crystal ball needed). Short interest is 30% with a float of 78 million... Debt to Equity = 0.90x. Essentially, if it can get through 2025, the company predicts it can turn things around into 2026 and beyond.
So, is this a good investment? Fundamentally, many better options are out there. From a technical analysis perspective, a potential opportunity. Thus, a gamble. I'm not betting the farm here, but at $3.04, NASDAQ:DNUT is in a buy zone - with a warning for potentially better entries to emerge in the near future in the $1-$2 range.
Targets:
$3.60
$4.20
GOLD → Correction before possible growthFX:XAUUSD entered a liquidation phase (rally) within the trading range at the opening of the session. The dollar's rise is to blame. The focus is on supporting consolidation...
Investors remain interested in gold as a safe haven asset amid geopolitical risks and declining demand for US assets.
The key drivers remain news about tax reform in the US, trade negotiations, and upcoming macro data.
Gold is consolidating, but since the opening of the session, the price has been heading towards support. Against the backdrop of an upward trend, a trigger for bearish liquidity is likely to form before growth.
Against the backdrop of the dollar's growth, gold is entering a correction phase. At the moment, all attention is on support and the liquidity zone of 3265. A false breakdown will trigger a price buyback.
Resistance levels: 3322
Support levels: 3282, 3265
Since the price is still within the range and a countertrend correction is forming in the market, in our case, it is worth considering an intraband trading strategy. A false breakdown of support could trigger growth to intermediate resistance or to the upper border of the channel.
Best regards, R. Linda!
BITCOIN → False breakout of 110K. Negative background???BINANCE:BTCUSDT.P hit a new all-time high of almost 112K on the back of improved economic and fundamental data, but the party didn't last long before Trump's next speech...
Yesterday, Trump spoke and announced new tariffs on the EU. The markets reacted quite aggressively to this news. Despite the fact that the market has practically bought back all the losses, the question itself remains open. The introduction of 50% tariffs on Europe will increase the risk background, which could trigger a fall in both the stock market and cryptocurrencies. In this case, money will flow into gold (a safe asset)...
Technically, Bitcoin is forming a false breakout of the global resistance level of 110K (previous ATH). The price is reacting and forming a bearish momentum (coinciding with the change in the fundamental background).
The area between 109.8 and 110.3 is a resistance and liquidity zone relative to the previous ATH. If the bears hold the resistance, Bitcoin may get stuck inside the 110K - 106.8K (105K) range.
Resistance levels: 109.8K, 110.3K, 112K
Support levels: 106.8K, 105K
Accordingly, if the 110K resistance holds amid the correction, consolidation below the resistance will confirm the formation of a false breakout, and in this case, Bitcoin may move to the 110K (112K) - 105K (102K) range. However, situations change daily, and if Bitcoin does break through 110K and manages to consolidate above its previous ATH, this will be a signal for growth...
Best regards, R. Linda!
Analysis of gold trend at night and how to arrange it🗞News side:
1. Trump's view on Russia is not optimistic
2. Trump boasted in a post that his threat to impose tariffs on the EU worked
📈Technical aspects:
Gold does not seem to have a strong rebound. After touching 3305, the rebound momentum has weakened and it has been hovering between 3300-3290. Judging from the hourly chart, I think it is still in a state of correction. Then we may see another drop in the evening to accumulate momentum. This is why I chose to manually close the position near 3300 while waiting for the rebound just now. In the evening, bros can pay attention to the support line of 3280-3270 below to look for entry trading opportunities.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Fiverr International | FVRR | Long at $26.32If AI/AGI is really taking our jobs, the gig economy will prosper... right?
While Fiverr International's NYSE:FVRR market cap is just under a billion, the company has experienced significant revenue growth since 2019. Earnings grew by 395.7% over the past year and are forecast to grow 24.68% per year. Cash flow is also expected to rise. The company has a low float (30.4M) but a price-to-earnings of 52x (caution). While competition in the gig economy is tough (I see you NASDAQ:UPWK ), NYSE:FVRR may be gaining upward momentum as the stock starts to bottom in the near-term. The price gaps on the daily chart near $20 and $22 may be closed before a strong move up, but the price is now consolidating within my historical simple moving average. When this happens, often (but not always), the ticker will trade sideways for a while before reversing up.
Thus, at $26.32, NYSE:FVRR is in a personal buy zone.
Targets
$34.00
$40.00
Trendline Support - CCLCurrent Price: ₹841.75
Technical Analysis:
Trendline Pattern Support taken: The chart clearly shows CCL Products (India) Ltd. taking support from a long-term upward trendline. This is generally a strong bullish signal, indicating that the price has found a floor at this level and could potentially continue its long-term upward trajectory.
Target: Double or Multibagger stock: This implies a significant long-term increase in the stock price.
Time Frame: 1 Year to 3 Year (This suggests a medium to long-term investment horizon for this ambitious target).
Fundamental Analysis (Based on the provided images for CCL Products (India) Ltd.):
Market Cap: As of late May 2025, CCL Products (India) Ltd. has a market capitalization in the range of ₹10,000 - ₹11,000 Cr.
P/E Ratio: The P/E ratio for CCL Products generally fluctuates, but it tends to trade at a premium due to its strong market position in the coffee industry.
Quarterly Results (Q4 FY25 - ended March 31, 2025):
CCL Products recently announced its Q4 FY25 results. Consolidated Net Profit after tax for Q4 FY25 was ₹67.63 crore, showing a slight decrease compared to ₹75.64 crore in Q4 FY24.
Revenue from Operations for Q4 FY25 was ₹501.99 crore, which was also slightly down from ₹521.84 crore in Q4 FY24.
Yearly Results (FY25 - ended March 31, 2025):
For the full fiscal year FY25, consolidated net profit after tax was approximately ₹255 crore, compared to ₹277.6 crore in FY24.
Consolidated revenue from operations for FY25 was approximately ₹1,980 crore, down from ₹2,112 crore in FY24.
Corporate Actions:
Dividend: CCL Products has a consistent track record of paying dividends. For FY25, the company's board has recommended a final dividend of ₹2.50 per equity share.
Capacity Expansion/New Initiatives: The company has been in the news for its ongoing capacity expansion projects and initiatives, particularly in its instant coffee segment, aimed at driving future growth.
Company Order Book:
For a company like CCL Products, the "order book" is typically reflected in its long-term contracts and recurring sales with global private label clients. While specific order book values are not usually disclosed, the company's consistent revenue generation suggests stable demand for its products.
Latest News:
Q4 FY25 Results: The primary recent news revolves around their Q4 FY25 earnings, which showed a slight decline in both profit and revenue, primarily due to prevailing demand and pricing conditions in the international coffee market.
Capacity Expansion: Ongoing focus on the commissioning of new facilities and increased capacity, particularly for granular coffee.
Market Conditions: News related to global coffee prices, demand trends, and competitive landscape in the instant coffee market.
Overall Assessment:
CCL Products (India) Ltd. presents a mixed picture:
Technical Strength: The chart clearly shows the stock taking Trendline Support, which is a strong bullish technical indicator suggesting a potential rebound or continuation of its long-term uptrend.
Fundamental Headwinds (Recent): The latest quarterly and yearly results (FY25) show a decline in both net profit and revenue. This indicates some short-term challenges, likely related to market conditions in the coffee industry.
Long-Term Potential: Despite recent headwinds, CCL has a strong brand reputation, a significant presence in the global instant coffee market (especially in private labels), and a history of growth. Its ongoing capacity expansion is a key driver for future revenue.
Valuation: The stock generally trades at a premium due to its quality and market position.
The target of being a "Double or Multibagger" within a 1 to 3-year timeframe is ambitious. For this to be achievable, the company needs to demonstrate a strong turnaround in its profitability in the upcoming quarters, leveraging its expanded capacity and navigating the volatile coffee market successfully. The trendline support suggests a good entry point if the fundamentals begin to show a recovery.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own thorough research, carefully analyze the stock chart for the specific trendline support, assess your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. The stock market carries inherent risks.
Trendline Support - MINDACORPCurrent Price: ₹550
Technical Analysis:
Trendline Pattern Support taken: The chart indicates that the stock has taken support from a trendline. This is generally a bullish sign, suggesting that the price has found a floor and could potentially rebound or continue its upward trajectory. The chart shows a clear uptrend line with several points of support.
Target: Double or Multibagger stock: This is an ambitious long-term target, implying a significant increase in the stock price.
Time Frame: 1 Year to 3 Year (This indicates a medium to long-term investment horizon for this target).
Fundamental Analysis :
Market Cap: ₹13,152 Cr.
Stock P/E: 51.5 (This is a premium valuation, higher than the industry average, indicating market expectations of future growth).
Book Value: ₹87.9
Face Value: ₹2.00
Sales (Revenue from Operations): Consistently growing, from ₹1,590 Cr in Mar 2014 to ₹5,056 Cr in Mar 2025.
Operating Profit: Generally increasing, from ₹127 Cr in Mar 2014 to ₹575 Cr in Mar 2025.
Net Profit: Shows consistent growth, from ₹79 Cr in Mar 2014 to ₹255 Cr in Mar 2025.
EPS in Rs.: Increased from ₹3.79 in Mar 2014 to ₹10.68 in Mar 2025.
Compounded Sales Growth: 1 Year: 9%, 3 Years: 19%, 5 Years: 18%, 10 Years: 10%.
Compounded Profit Growth: 1 Year: 12%, 3 Years: 15%, 5 Years: 27%, 10 Years: 11%.
Return on Equity: Last Year: 16%, 3 Years: 15%, 5 Years: 14%, 10 Years: 12%.
Corporate Actions:
Dividend: The Dividend Payout % has varied but has been consistently paid, with a 10% payout in Mar 2025.
Recent News: Any news regarding new client wins, expansion plans (especially related to electric vehicles or advanced automotive technologies), or strategic partnerships would be relevant for Minda Corporation, a leading automotive components manufacturer.
Overall Assessment:
Minda Corporation presents a mixed but potentially bullish picture:
Technical Strength: The stock has taken Trendline Support, suggesting technical strength and a potential continuation of its upward trajectory as seen on the chart. The stock is in a clear long-term uptrend.
Consistent Growth: The company has demonstrated consistent growth in Sales, Operating Profit, and Net Profit over the long term (10 years, 5 years, 3 years), which is a significant positive.
Healthy Financials: Low Debt to Equity (0.25), strong ROCE (16.0%), and ROE (12.9%) indicate good financial health and efficient management.
Valuation: The Stock P/E of 51.5 is significantly higher than the Industry P/E of 26.9. This premium valuation suggests that the market has high expectations for Minda Corp's future growth, likely driven by its position in the evolving automotive sector (e.g., EV components).
The target of being a "Double or Multibagger" stock within a 1 to 3-year timeframe is ambitious but potentially achievable for a company with strong long-term growth and a premium valuation if it continues to deliver on market expectations and capitalize on industry trends (like the shift to EVs).
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own thorough research, carefully analyze the stock chart for the specific trendline support, assess your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. The stock market carries inherent risks.
Today we will focus on the 3281 support
Gold fell below 3300, today we focus on the support of 3281
We are making a profit from the long suggestions given during the day, focusing on the support near 3281. If this position is not broken, the price will fluctuate and may re-stand on 3300 and go above 3320. Therefore, we insist on the long idea today, short around 3287-90, stop loss 3280, take profit at 3310-20, pay attention to the risk.
May 27 gold short-term trading: long near 3288, stop loss 3280, take profit at 3320
Be careful, if it breaks 3280, it is expected to reach 3260, and you can go bearish.
DoorDash May Be Done BasingDoorDash has been consolidating for months, and now some traders may look for more upside.
The first pattern on today’s chart is March’s low, April’s lower low and May’s higher low. That rounded basing pattern is a potentially bullish continuation pattern.
Second, DASH got stuck at a falling trendline last month but now seems to be free of it.
Third, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That kind of alignment, with faster SMAs above slower SMAs, could be indicative of an uptrend.
Fourth, the 8-day exponential moving average (EMA) crossed above the 21-day EMA and has remained there since. MACD is also rising. Those signals may be consistent with bullishness in the short term.
Check out TradingView's The Leap competition sponsored by TradeStation.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
ChainLink (LINK) Bulls Eye $18 as Supertrend Flips Green📈 Market Structure & Trend Overview
• Price is holding a clear ascending trendline, acting as dynamic support.
• The recent bounce from Support 1 at $14.93 indicates that bulls are defending this level aggressively.
• Price is now approaching the mid-zone between support and resistance with bullish momentum resuming.
🧠 Supertrend Indicator Analysis
• The Supertrend is flipping bullish, or recently has, placing the green band below the current price, which confirms the initiation of a buy signal.
• The last bearish wave was rejected near Support 1, and since the Supertrend held as support, it further validates a long bias.
• Supertrend aligning with the trendline and support level adds multi-layered confirmation to this setup.
✅ Trade Setup (Long)
• Entry: $15.96 (current market price at time of analysis)
• Stop Loss: $14.80 (just below Support 1 and trendline structure)
• Take Profit: $18.00 (previous swing high and resistance zone)
• Risk-to-Reward Ratio (RRR): ~1:1.54
• Time Horizon: 2 to 7 days for target to be achieved
📌 Key Technical Highlights
• Support 1 ($14.93): Tested and held multiple times, confirmed by Supertrend flip.
• Support 2 ($13.24): Deeper fallback zone; breach would invalidate bullish bias.
• Resistance ($18.00): Swing high and Fibonacci alignment, making it a strong TP zone.
• Supertrend: Currently bullish; enhances trade confidence with trend-following confirmation.
3300 becomes the dividing line between long and short positions🗞News side:
1. The situation in the Middle East and between Russia and Ukraine has escalated again
2. Pay attention to the opening of US stocks today
📈Technical aspects:
Good morning, bros. Gold is currently testing the important support of 3300. Once it falls below 3300, it can be officially confirmed that the correction trend is coming. Today's opening of the U.S. stock market is critical. If the U.S. stock market opens higher, it is very likely to pull down gold prices. The stable operation suggestion for the day is to go long when it retreats to 3295-3290, and then rely on the upper side of the previous low point for protection, that is, look at the vicinity of 3325-3330. If it encounters resistance and pressure near 3330-3340, you can consider entering a short position and continue to be bearish. At present, the first focus below is the support of 3290-3280. If it continues to fall, it may touch the 3266 line.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Just continue to maintain the bullish idea of high-altitude an
On Monday, gold closed slightly lower as Trump's comments on EU tariffs boosted market risk appetite. Today, it retreated and rose in the morning and now fell below our early long position again. In the short term, gold has lost its positive momentum, but it is impossible to fall more sharply. As investors weigh the prospects of improved trade relations between the United States and the European Union, the demand for safe-haven assets has cooled, and gold prices have maintained a downward trend.
Today's risk data warning!
At 20:30 today, the initial value of US durable goods orders in April will be released, and the monthly rate is expected to fall by 7.9%, after an increase of 9.2% in March
At 22:00 today, the US Conference Board Consumer Confidence Index for May will be released, and it is expected to be 87.2, and the previous value is 86.0.
Views on the trend of gold in the European session!
Gold rose and then fell yesterday, and the final rebound stopped at 3365. The trend is in line with our trend of volatility. As for today's market decline and break, it is a normal market! In addition, it has not broken through 3370 and has been under pressure, and the decline continued in the morning today. Since the support position of 3300 is close to the bottom, it is not appropriate to chase the short position!
In terms of trend, gold lacks the upward momentum at the 4-hour level, and the market falls after the upper resistance. This week's market has been maintained in the small range of 3330 and 3370. It is inevitable that the breakout will accelerate. At present, the bulls are under pressure. Unlike last week's continuous rise, this week has a bit of weak volatility. Then we continue to maintain the high-altitude bearish and low-level bullish ideas unchanged!
Gold: Enter long orders near 3290, defend 80, and target 3325-30! Continue to follow up with short orders above 3340, defend 50, and target 3300-05!
A reliable person has an explanation for everything, a solution for everything, and a response for everything. I have been committed to the market. I will write analysis that is useful to investors and make fewer mistakes. I believe that time will tell the true heart of a person. I am Yulia. Thank you for your likes. I love you.
Am I the only one who still insists that gold will fall back?
💡Message Strategy
The dollar rebounded strongly, and gold fell under pressure
The primary driver of the gold price decline this time was the sudden strength of the dollar. After a brief correction, the US dollar index rebounded strongly, reaching a high of 99.40, with a daily increase of 0.4%, which is expected to be the best performance in the past two weeks. Since gold is denominated in US dollars, the appreciation of the US dollar directly weakened the attractiveness of gold to holders of other currencies, leading to an intensification of market selling.
US fiscal crisis + interest rate expectations, gold bulls suffered a double blow
In addition to the strengthening of the US dollar, the uncertainty of the US fiscal outlook also makes investors cautious. Although the market is worried that the US government debt may further expand (or increase by another $3.8 trillion in the next decade), it has not stimulated safe-haven buying of gold in the short term. On the contrary, the market is more concerned about the Fed's interest rate policy. The recent speeches of Fed officials tend to be hawkish. At present, traders generally bet that the Fed may restart interest rate cuts after September, but before that, gold may continue to be under pressure due to the high interest rate environment.
📊Technical aspects
1. The daily line lost the lifeline, and the lifeline was used as a downward pressure to find the lower track of the pattern
2. The four-hour pattern opened downward, indicating a wave of large-volume decline
3. The double lines of the hourly chart turned from support to resistance, suppressing further decline
4. In the large channel range, determine the upper track position of the channel, re-suppress the decline to find the lower track position of the channel, with a space range of about 200-300 US dollars
As shown in the figure: the middle track of the small blue channel line and the yellow large channel overlap the 3350 mark
The price fell below the middle track of the small blue channel. As time goes by, the price position reaches 3320-3330, which happens to be the pressure of the 3350 mark area and the position along the large channel line.
We are still looking at the action of holding high and breaking low, and the price will suppress the 3350 mark and fall below the lower track position of the channel at 3320 area.
💰 Strategy Package
Short Position:3320-3330,3340-3350
The mouth can't drive gold up
💡Message Strategy
US President Trump announced that the deadline for EU trade negotiations will be extended to July 9, and at the same time withdrew the threat of a 50% tariff on EU goods originally scheduled for June 1. This decision marks a phased easing of US-EU trade tensions, leading to a significant cooling of market risk aversion.
The statement of European Commission President Ursula von der Leyen revealed the key reason for the extension: "The EU needs more time to reach a comprehensive agreement that is beneficial to both sides." It is worth noting that just three days ago on May 23, Trump also threatened to impose high tariffs on EU cars and other goods in a tough manner, and even considered wielding the tariff stick against iPhones produced outside the United States. These remarks pushed the gold price up more than 2% in a single day.
📊Technical aspects
At present, the direction of gold is only a correction and decline. The market is not driven by words. The idea of gold trend that has been emphasized last week is to pull back to high altitudes. Facts have proved that gold cannot break through the high pressure position.
All the news is filled with the atmosphere of gold rising. The truth is often in the hands of a few people. We should correctly judge the changes in the market and not blindly follow them.
💰 Strategy Package
Short Position:3340-3350,3360-3370
Gold is about to clarify its trend direction
📊Technical aspects
1. The double-line position of the hourly chart is now in the 3290-3310 area. After the price fell below the double line, it used the lower track of the double line (purple trend line) as suppression and continued to fall and break the low
Then after breaking through the double line, it turned into support, especially after breaking through the repeatedly suppressed purple trend line position 3250, forming an accelerated sprint, and the space amplitude exceeded 100 US dollars
Then the purple trend line position, as the space switching line position, the subsequent space breakthrough will achieve at least 100 US dollars of space switching
2. The four-hour lifeline position is now at 3320. Due to the price surge After the high, there was no increase in volume and acceleration of the rise, but a continuous rise and fall. The four-hour pattern also began to close. The lifeline position is the dividing line. The double-line lower track and the pattern lower track are superimposed in the 3283 area. Special attention should be paid to it. Together with the 3270 position of the hourly chart, it will become the space switching point for the subsequent market.
3. Interestingly, the daily lifeline position is in the 3285 range, which is also the low point of the second half of last week and the final support point determined by the retracement. Multiple supports are superimposed here, which means that the subsequent price can fall below this point and realize the space switching.
💰 Strategy Package
Short Position:3340-3350