Gold technical analysis
Daily chart resistance 3450, support below 3355
4-hour chart resistance 3420, support below 3372
1-hour chart resistance 3403, support below 3375
The recent rise and fall of gold is completely controlled by market news. The next move of Israel and Iran directly affects the rise and fall of gold. It rises under the stimulation of the escalation of the situation and begins to pull back when the situation eases. The long and short positions form a short-term tug-of-war pattern, but the fundamentals have not changed. Gold is still in a bull market.
Today's rebound high is in the 3405/03 area. This position has formed a top and bottom conversion position. It is bound to have a certain suppressive effect on the rebound of gold prices. You can refer to the 3403/05 area for shorting during the day. Pay attention to the vicinity of 3370 below. If you hold this support level, you can buy short-term. The intraday volatility is not expected to be large, which is suitable for fast-in and fast-out transactions!
SELL: 3402near SL: 3407
BUY: 3370near SL: 3365
Daily chart resistance 3450, support below 3355
4-hour chart resistance 3420, support below 3372
1-hour chart resistance 3403, support below 3375
The recent rise and fall of gold is completely controlled by market news. The next move of Israel and Iran directly affects the rise and fall of gold. It rises under the stimulation of the escalation of the situation and begins to pull back when the situation eases. The long and short positions form a short-term tug-of-war pattern, but the fundamentals have not changed. Gold is still in a bull market.
Today's rebound high is in the 3405/03 area. This position has formed a top and bottom conversion position. It is bound to have a certain suppressive effect on the rebound of gold prices. You can refer to the 3403/05 area for shorting during the day. Pay attention to the vicinity of 3370 below. If you hold this support level, you can buy short-term. The intraday volatility is not expected to be large, which is suitable for fast-in and fast-out transactions!
SELL: 3402near SL: 3407
BUY: 3370near SL: 3365
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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.