Today's gold price may fall to 3340-3350
As shown in Figure 4h
The current support level of gold price is 3370-3380. Once it falls below this range, the gold price will fall further to 3350-3340.
At that time, we considered that it was a good choice to buy the bottom of gold price in the 3340-3350 range, and it was also a relatively stable and conservative strategy.
Technical analysis:
As shown in the figure: At present, we believe that the white channel of gold price is the main rising channel.
Gold price fluctuation range: 3350-3450, lower support level: 3400
The performance of gold price is also the same, and there is strong resistance near 3400.
The current fluctuation range of gold price: 3380-3400, lower support level: 3370
Operation strategy:
1: As long as the gold price falls below 3400, it will be mainly short at high prices.
2: Once it falls below 3370, the next target of gold price, 3350, will be a high probability event.
3: The macro trend of gold prices is still bullish. It is recommended to hold long positions and wait for the performance of the 3340-3350 range.
4: Conservatives can wait for the opening of the US market before making a decision
5: Radicals can choose to ambush in advance after judging that the gold price stabilizes in the 3370-3350 range, lightly position, reserve enough bargain-hunting positions, and cover positions at any time.
As shown in Figure 4h
The current support level of gold price is 3370-3380. Once it falls below this range, the gold price will fall further to 3350-3340.
At that time, we considered that it was a good choice to buy the bottom of gold price in the 3340-3350 range, and it was also a relatively stable and conservative strategy.
Technical analysis:
As shown in the figure: At present, we believe that the white channel of gold price is the main rising channel.
Gold price fluctuation range: 3350-3450, lower support level: 3400
The performance of gold price is also the same, and there is strong resistance near 3400.
The current fluctuation range of gold price: 3380-3400, lower support level: 3370
Operation strategy:
1: As long as the gold price falls below 3400, it will be mainly short at high prices.
2: Once it falls below 3370, the next target of gold price, 3350, will be a high probability event.
3: The macro trend of gold prices is still bullish. It is recommended to hold long positions and wait for the performance of the 3340-3350 range.
4: Conservatives can wait for the opening of the US market before making a decision
5: Radicals can choose to ambush in advance after judging that the gold price stabilizes in the 3370-3350 range, lightly position, reserve enough bargain-hunting positions, and cover positions at any time.
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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.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
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.