Gold prices are consolidating around $3,350 today, with the current resistance level above seen at $3,370 and the support level below at $3,340.
From a technical perspective, the 4-hour chart shows an ascending triangle pattern, with the bottom gradually lifting. If the price can effectively break through the $3,370 resistance, it is expected to subsequently launch an assault on the $3,400 integer mark. In terms of technical indicators, the RSI currently stands at 58, which has not yet entered the severely overbought range, suggesting there is still room for upward movement; the MACD indicator also shows that bullish momentum is slowly recovering, waiting for a breakout signal to confirm the direction.
On the operational front, considering going long around $3,340 could be a viable option. It is particularly important to note that the U.S. non-farm payroll data will be released today, which may have a significant impact on the short-term trend of gold. It is advisable to liquidate positions and wait on the sidelines before the data release to avoid potential risks from sharp fluctuations.
XAUUSD
buy@3335-3345
tp:3360-3370
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.
From a technical perspective, the 4-hour chart shows an ascending triangle pattern, with the bottom gradually lifting. If the price can effectively break through the $3,370 resistance, it is expected to subsequently launch an assault on the $3,400 integer mark. In terms of technical indicators, the RSI currently stands at 58, which has not yet entered the severely overbought range, suggesting there is still room for upward movement; the MACD indicator also shows that bullish momentum is slowly recovering, waiting for a breakout signal to confirm the direction.
On the operational front, considering going long around $3,340 could be a viable option. It is particularly important to note that the U.S. non-farm payroll data will be released today, which may have a significant impact on the short-term trend of gold. It is advisable to liquidate positions and wait on the sidelines before the data release to avoid potential risks from sharp fluctuations.
XAUUSD
buy@3335-3345
tp:3360-3370
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.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
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.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
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.