Analyzing from the weekly level, the price of gold is supported by the support level of 3258-60. From the mid-line perspective, it is still in the mid-line bull market, and the price will only be under further pressure if it breaks the weekly support. Observing from the daily level, the price broke through the daily resistance again last Wednesday, and continued to soar after the breakthrough. The current price is testing the monthly high, and the subsequent gains and losses of the previous high are the key. At the same time, according to the four-hour level, as time goes by, we need to pay attention to the support of 3413-3407. This position is the key watershed of the short-term trend. At the same time, according to the one-hour level, the price has a short-term downward adjustment, so don't chase more for the time being, and focus on the subsequent retracement to the four-hour support before further rising. Short-term low-to-long thinking, focus on highs after pulling up.
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t.me/+8XRxoUJXG1ExMmFk
99% accurate signals, 100% weekly profit
99% accurate signals, 100% weekly profit
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.