Gold technical analysis
Daily chart resistance level 3382, support level 3300
Four-hour chart resistance level 3365, support level 3320
One-hour chart resistance level 3342, support level 3325.
Yesterday, the lowest price fell to 3320, then fluctuated upward, and rebounded to 3343. As the price fell below 3341 yesterday and accelerated downward, a transition from support to resistance was formed here. Focus on the high point of the NY market rebound yesterday, 3352. Whether it can break through here will determine whether the market continues to rise or is blocked and then falls back like yesterday.
It is worth noting that the trend of the past two days is that Asia is rising and rebounding, and the NY market is falling. Today may be a cycle of yesterday and the day before yesterday. At present, gold is fluctuating and rebounding at 3320. If the NY market cannot break through 3352, it will continue to fall. For the time being, it can be sold high and bought low in this range. After falling below 3320, the next short-term target is 3310~3300.
BUY: 3324 SL: 3320
SELL: 3320 SL: 3325
SELL: 3352 SL: 3357
Daily chart resistance level 3382, support level 3300
Four-hour chart resistance level 3365, support level 3320
One-hour chart resistance level 3342, support level 3325.
Yesterday, the lowest price fell to 3320, then fluctuated upward, and rebounded to 3343. As the price fell below 3341 yesterday and accelerated downward, a transition from support to resistance was formed here. Focus on the high point of the NY market rebound yesterday, 3352. Whether it can break through here will determine whether the market continues to rise or is blocked and then falls back like yesterday.
It is worth noting that the trend of the past two days is that Asia is rising and rebounding, and the NY market is falling. Today may be a cycle of yesterday and the day before yesterday. At present, gold is fluctuating and rebounding at 3320. If the NY market cannot break through 3352, it will continue to fall. For the time being, it can be sold high and bought low in this range. After falling below 3320, the next short-term target is 3310~3300.
BUY: 3324 SL: 3320
SELL: 3320 SL: 3325
SELL: 3352 SL: 3357
Trade active
Trade closed: target reached
Trump hinted that he would fire Powell, and gold quickly rose by $40. The news stimulated the market, please pay attention to risk avoidance🙏🏻
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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.
💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
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.