Verification of Support Level Effectiveness
- $3306: As the 0.5 retracement level of the 3247-3365 band Fibonacci, it rebounded slightly after being first touched today. It is necessary to monitor whether a bullish candlestick stabilization signal forms at this level. If broken, the next target is $3290.
- $3290: Overlapping with the lower Bollinger Band support of the 4-hour chart, if a pullback signal with shrinking trading volume appears here, it can be regarded as a short-term long opportunity.
Suppression Effect of Resistance Level
- $3320-$3325: The suppression zone of the 5-day moving average at the 1-hour level, which is also near the early session rebound high. If the price is resisted and closes bearish when rebounding to this range, it confirms a short entry opportunity.
-
Operation Tips
Strictly set stop-loss orders to avoid capital drawdown caused by false breakouts of support/resistance levels.
XAUUSD
buy@3285-3295
tp:3310-3320
sell@3315-3325
tp:3305-3295
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
- $3306: As the 0.5 retracement level of the 3247-3365 band Fibonacci, it rebounded slightly after being first touched today. It is necessary to monitor whether a bullish candlestick stabilization signal forms at this level. If broken, the next target is $3290.
- $3290: Overlapping with the lower Bollinger Band support of the 4-hour chart, if a pullback signal with shrinking trading volume appears here, it can be regarded as a short-term long opportunity.
Suppression Effect of Resistance Level
- $3320-$3325: The suppression zone of the 5-day moving average at the 1-hour level, which is also near the early session rebound high. If the price is resisted and closes bearish when rebounding to this range, it confirms a short entry opportunity.
-
Operation Tips
Strictly set stop-loss orders to avoid capital drawdown caused by false breakouts of support/resistance levels.
XAUUSD
buy@3285-3295
tp:3310-3320
sell@3315-3325
tp:3305-3295
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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.