From a technical perspective, Thursday's daily chart showed a sharp decline, engulfing Tuesday's. Wednesday's consecutive rises marked the closing price near the middle Bollinger band. There's no definitive direction for now, and both ups and downs are possible. Therefore, the daily chart's performance is not important, but the H4 chart shows significant momentum. Currently, 3330 is a double bottom, with the closing price just above the lower Bollinger band. If a rebound occurs here, especially with strength in the afternoon, the Bollinger band will tighten and the moving averages will converge, confirming a volatile market today. If the market stabilizes above the middle Bollinger band at 3350, it can be confirmed that today is a rebound. The US market could also reach a high of 3365. Therefore, the rebound strength can be observed around the 3330 support level during the Asian and European sessions. If it breaks through 3330, gold could continue its decline to the 3310-3300 range.
Trading suggestions: If the market rebounds first, short near 3346, with a stop-loss above 3352. If the market weakens, short near 3341, with a stop-loss above 3347. If the market declines first, short below 3300, or go long near 3320, with a stop-loss below 3315. If you currently have short positions at low levels and long positions at high levels and are unsure how to proceed, please leave a message for Charlie.
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Trading suggestions: If the market rebounds first, short near 3346, with a stop-loss above 3352. If the market weakens, short near 3341, with a stop-loss above 3347. If the market declines first, short below 3300, or go long near 3320, with a stop-loss below 3315. If you currently have short positions at low levels and long positions at high levels and are unsure how to proceed, please leave a message for Charlie.
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Accurate analysis and real-time strategies serve as a beacon to guide your investment journey. The market never disappoints those who persevere and explore with wisdom. If you have any questions about the market, please leave a message for Charlie.Note
Accurate analysis and real-time strategies serve as a beacon to guide your investment journey. The market never disappoints those who persevere and explore with wisdom. If you have any questions about the market, please leave a message for Charlie.
Real-time strategies are like a beacon guiding your investment path. The market will never disappoint those who persevere and explore wisely....🚀🚀VIP Channel t.me/EagleEyePrecisionAnalysis
👉Exclusive address t.me/Eagle_PreciseAnalysis
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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.
Real-time strategies are like a beacon guiding your investment path. The market will never disappoint those who persevere and explore wisely....🚀🚀VIP Channel t.me/EagleEyePrecisionAnalysis
👉Exclusive address t.me/Eagle_PreciseAnalysis
👉Exclusive address t.me/Eagle_PreciseAnalysis
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.