From the 4-hour analysis, the short-term support below continues to focus on around 3316-25, the short-term suppression above focuses on the 3340-45 line, and the key pressure above focuses on the 3380 line. The overall support of 3316-3345 range still maintains the main tone of high-altitude and low-multiple cycles. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Trade active
Gold operation strategy:1. Buy gold when it falls back to 3318-23, stop loss at 3311, target at 3340-45, continue to hold if it breaks;
2. Buy gold when it rebounds to 3345, stop loss at 3352, target at 3320-25, continue to hold if it breaks;
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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.