Technical aspect: After the gold price hit the 3400 integer mark overnight, it fell rapidly under the impetus of negative news. The overall fluctuation range is still within the 3330-3400 range we expected. This shows that the current market dominated by news lacks continuity. We make a golden section of the high and low points of the overnight decline to the current level, and the current position of 0.618 is 3370.
Pressure level: 3370\3375\3400
Support level: 3330\3300
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
Related publications
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.