Asian market: Gold continues to rise, and the current highest is near the high of $3345.
The next trend is very critical, let's look at it from the 4-hour chart.
It can be seen that there is absolute suppression at $3340. It is just near the top of the trend line, and it is difficult to break through directly.
Therefore, it will definitely be maintained near $3340 for consolidation in the future.
In addition, from the 1-hour chart:
I think the most critical bottom support position today is $3315. As long as gold is above this point, it will be in a consolidation and rise, or it will be maintained at $3315-3340 for consolidation. The position above that needs to be paid attention to is near $3350. Once it breaks through $3340 and stabilizes above $3350, gold may rise further to test $3360-3370.
However, if gold falls below $3315, it may trigger a sharp decline.
Operation strategy:
I suggest you focus on the fluctuation range of 3315-3340 USD and buy low and sell high.
However, it should be noted that once the upper or lower range is broken, you should be alert to the possible trend change.
The next trend is very critical, let's look at it from the 4-hour chart.
It can be seen that there is absolute suppression at $3340. It is just near the top of the trend line, and it is difficult to break through directly.
Therefore, it will definitely be maintained near $3340 for consolidation in the future.
In addition, from the 1-hour chart:
I think the most critical bottom support position today is $3315. As long as gold is above this point, it will be in a consolidation and rise, or it will be maintained at $3315-3340 for consolidation. The position above that needs to be paid attention to is near $3350. Once it breaks through $3340 and stabilizes above $3350, gold may rise further to test $3360-3370.
However, if gold falls below $3315, it may trigger a sharp decline.
Operation strategy:
I suggest you focus on the fluctuation range of 3315-3340 USD and buy low and sell high.
However, it should be noted that once the upper or lower range is broken, you should be alert to the possible trend change.
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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.
Related publications
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.