Gold technical analysis
Daily chart resistance level 3350, support level 3250
4-hour chart resistance level 3340, support level 3245
1-hour chart resistance level 3300, support level 3280
Technical indicators show that the 4-hour moving average system shows a dead cross arrangement, and the MACD indicator dead cross continues. The gold price has fallen below the lower track support of the Bollinger Band, and the Bollinger Channel is narrowing. The short-term price is in a low-level weak consolidation pattern.
The 1-hour chart price broke the previous low of 3295, but the price is oversold and may rebound in the short term. The short-term support level below is around 3280. If it falls below, continue to look at the 3271-3245 range; the important pressure level is around 3300!
If there is a short-term rebound before the NY market, wait until the rebound before continuing to sell! The current minimum is 3279. After the short-term stabilization, refer to the resistance of 3300/3310 to sell.
Sell: 3300near
Sell: 3310near
Daily chart resistance level 3350, support level 3250
4-hour chart resistance level 3340, support level 3245
1-hour chart resistance level 3300, support level 3280
Technical indicators show that the 4-hour moving average system shows a dead cross arrangement, and the MACD indicator dead cross continues. The gold price has fallen below the lower track support of the Bollinger Band, and the Bollinger Channel is narrowing. The short-term price is in a low-level weak consolidation pattern.
The 1-hour chart price broke the previous low of 3295, but the price is oversold and may rebound in the short term. The short-term support level below is around 3280. If it falls below, continue to look at the 3271-3245 range; the important pressure level is around 3300!
If there is a short-term rebound before the NY market, wait until the rebound before continuing to sell! The current minimum is 3279. After the short-term stabilization, refer to the resistance of 3300/3310 to sell.
Sell: 3300near
Sell: 3310near
Trade closed: target reached
Today's only strategy is to sell, and the goal is achieved. There is a regular pattern in the NY market opinions this week, with declines in the Asian and European sessions and rebounds in the NY market. Now it has stabilized and rebounded briefly. Buying at 3267 also makes a profit. 
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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.
💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
💥t.me/Actuary00group
✉️Gold Signal and daily analysis channel
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.