Today, gold can be described as fluctuating within a wide range, but overall it tends to be more bearish. Although gold rose at the opening on Monday, it suddenly made a sharp turn at the 3250 level, leaving those who chased long positions confused. We have analyzed that the upper resistance is strong, and the upside space is relatively limited. On the contrary, the downside space is larger, so shorting on rebounds remains the current short-term trend! If you are currently unsatisfied with your gold trading, I hope Barry can help you avoid detours in your investments. Welcome to communicate and exchange ideas!
From the hourly chart analysis, the support levels below should continue to focus on the 3170-3175 area, with strong support at the 3150 level. The resistance above is near 3253-3260. The overall trading approach remains centered on cyclic participation in shorting highs and longing lows within this range, with a core principle of exercising caution at intermediate levels – avoid excessive trading and impulsive order chasing. Be patient and wait for entry at key price points.
Gold Trading Strategies
sell@3240-3250
tp:3220-3200
buy@3170-3175
tp:3220-3230
Professional trading strategies are pushed daily 📊
Lock in precise signals amid market fluctuations 🚀
Confused about market trends? Stuck in strategy bottlenecks?
Real-time strategies serve as your "trading compass" 🌐
From trend analysis to entry/exit points, dissect market logic comprehensively
Refer now 📲
Help you move steadily forward in investments ✨
👇👇👇
From the hourly chart analysis, the support levels below should continue to focus on the 3170-3175 area, with strong support at the 3150 level. The resistance above is near 3253-3260. The overall trading approach remains centered on cyclic participation in shorting highs and longing lows within this range, with a core principle of exercising caution at intermediate levels – avoid excessive trading and impulsive order chasing. Be patient and wait for entry at key price points.
Gold Trading Strategies
sell@3240-3250
tp:3220-3200
buy@3170-3175
tp:3220-3230
Professional trading strategies are pushed daily 📊
Lock in precise signals amid market fluctuations 🚀
Confused about market trends? Stuck in strategy bottlenecks?
Real-time strategies serve as your "trading compass" 🌐
From trend analysis to entry/exit points, dissect market logic comprehensively
Refer now 📲
Help you move steadily forward in investments ✨
👇👇👇
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.
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.