Gold hit the strong resistance of 3350 on Wednesday and then fluctuated at a high level. The slow rise on Wednesday broke the fixed trend of the previous few days, that is, the trend of rising first and then falling. So under the current trend, will there be any different changes today? A surge and then a fall cannot be ruled out on the hourly chart, but for now, the overall trend remains within a range, with upper resistance remaining within the 3350-3360 range seen at the beginning of the week.
Gold's short-term support remains near 3330, the second rally point on Wednesday. With no new events impacting gold's trend in the short term, trading within this range is recommended. Market fluctuations have been irregular these past few days, and aggressive trading can easily lead to losses. Most of the time, it's best to adapt to market conditions.
Trading strategy:
Go long near 3330, stop loss at 3320, profit range 3350-3360.
Short sell near 3355, stop loss at 3365, profit range is 3340-3330.
Gold's short-term support remains near 3330, the second rally point on Wednesday. With no new events impacting gold's trend in the short term, trading within this range is recommended. Market fluctuations have been irregular these past few days, and aggressive trading can easily lead to losses. Most of the time, it's best to adapt to market conditions.
Trading strategy:
Go long near 3330, stop loss at 3320, profit range 3350-3360.
Short sell near 3355, stop loss at 3365, profit range is 3340-3330.
With accurate market analysis and precise trading signals, I will lead my team to achieve geometrically multiplied profits in the gold market.
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.
With accurate market analysis and precise trading signals, I will lead my team to achieve geometrically multiplied profits in the gold market.
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.