Gold continued its pullback last week, bouncing back after meeting key support and closing below the negative shadow line. At the present stage, the trend is relying on the key support level shock, and the rebound has not made a breakthrough, the pressure after the retreat of risk aversion is more and more obvious, and there is still the possibility of deepening the decline.
Today's trend personal expected sideways shock, short-term pressure above 3245-3250, can be around this area short, below the first support to see 3200, after breaking the 3145-3150.
This week's overall operating range relies on the 3145-3250 range band.
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To make more money, start by joining: t.me/Bob999_88group
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.