Hello everyone. Let's discuss the trend of gold. Currently, the support of gold is around 3380. If the correction of gold is weak, it may continue to rise after testing 3380.
On the contrary, if it falls below 3380, then gold has a probability to continue to test the low support position near 3370.
Finally, there is the 4-hour support position of 3360-3350.
Therefore, try to pay attention to the support situation here at 3380 first. If there is a chance to reach this point and stabilize, gold will have the opportunity to continue to look at 3420 and 3435.
On the contrary, if it falls below 3380, then you need to continue to wait for the low point of 3370, or even the high point of Friday at 3360-3350 to buy.
On the contrary, if it falls below 3380, then gold has a probability to continue to test the low support position near 3370.
Finally, there is the 4-hour support position of 3360-3350.
Therefore, try to pay attention to the support situation here at 3380 first. If there is a chance to reach this point and stabilize, gold will have the opportunity to continue to look at 3420 and 3435.
On the contrary, if it falls below 3380, then you need to continue to wait for the low point of 3370, or even the high point of Friday at 3360-3350 to buy.
Trade active
The current trend of gold is consistent with the analysisTrade closed: target reached
The current trend of gold is consistent with the analysis
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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.
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.