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Bullish momentum remains the primary trend. The market opened higher near 3368 before experiencing a period of volatile decline under pressure. Technically, the market has tested resistance and needs to adjust. Overall support at higher levels has also weakened, so it's best not to chase the market too much. Opportunistically, buy on dips and stabilization before buying.
From a 4-hour analysis, short-term resistance is expected to be near 3370-3375, with a key resistance area at 3395-3400. Support is expected at 3330-35, so consider buying on dips. In the middle, maintain a cautious wait-and-see approach. I'll provide detailed trading strategies during the trading session, so stay tuned.
Gold Trading Strategy:
Buy on dips to 3330-35, with a stop-loss at 3318 and a target at 3370-3375. Continue holding if the market breaks above.
Bullish momentum remains the primary trend. The market opened higher near 3368 before experiencing a period of volatile decline under pressure. Technically, the market has tested resistance and needs to adjust. Overall support at higher levels has also weakened, so it's best not to chase the market too much. Opportunistically, buy on dips and stabilization before buying.
From a 4-hour analysis, short-term resistance is expected to be near 3370-3375, with a key resistance area at 3395-3400. Support is expected at 3330-35, so consider buying on dips. In the middle, maintain a cautious wait-and-see approach. I'll provide detailed trading strategies during the trading session, so stay tuned.
Gold Trading Strategy:
Buy on dips to 3330-35, with a stop-loss at 3318 and a target at 3370-3375. Continue holding if the market breaks above.
Trade active
Let's continue to wait for gold to fall backTrade closed: target reached
We continue to wait for gold to fall back and then rise sharply
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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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.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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.