Gold price range: 3310-3360
Spot gold fell to $3311.65 during the session, but it is still fluctuating above the key support level of $3310, and the current price is around 3340.
As shown in the figure:
The latest triangle convergence range oscillation pattern has been shown to everyone
Key pressure area: 3355-3360
Key support area: 3310-3320
It is expected to enter a range oscillation pattern on Friday.
Due to the US Independence Day holiday, today's gold price trend is more affected by the performance of the Asian session.
According to analysis and observation, the gold price showed a pull-up or oscillating upward trend in the Asian session this week.
Most of the factors that led to the rise in gold prices this week can be attributed to the pull-up rhythm in the Asian session.
According to Chinese news reports: China has suspended holdings of gold, but Turkey and India are still buying.
In other words, the main factors for this week's rise are Turkey and India.
At present, the range of gold price fluctuations will become narrower and narrower, and it is unlikely that a new general direction will appear this week.
Then the corresponding strategy is:
In the oscillation range of 3310-3360, use oscillation thinking to trade
Short at high level, stop loss at 3365
Long at low price, stop loss at 3300
The author prefers the idea of short at high price
Spot gold fell to $3311.65 during the session, but it is still fluctuating above the key support level of $3310, and the current price is around 3340.
As shown in the figure:
The latest triangle convergence range oscillation pattern has been shown to everyone
Key pressure area: 3355-3360
Key support area: 3310-3320
It is expected to enter a range oscillation pattern on Friday.
Due to the US Independence Day holiday, today's gold price trend is more affected by the performance of the Asian session.
According to analysis and observation, the gold price showed a pull-up or oscillating upward trend in the Asian session this week.
Most of the factors that led to the rise in gold prices this week can be attributed to the pull-up rhythm in the Asian session.
According to Chinese news reports: China has suspended holdings of gold, but Turkey and India are still buying.
In other words, the main factors for this week's rise are Turkey and India.
At present, the range of gold price fluctuations will become narrower and narrower, and it is unlikely that a new general direction will appear this week.
Then the corresponding strategy is:
In the oscillation range of 3310-3360, use oscillation thinking to trade
Short at high level, stop loss at 3365
Long at low price, stop loss at 3300
The author prefers the idea of short at high price
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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.
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
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.