Gold technical analysis
Daily chart resistance 3450, support below 3338
Four-hour chart resistance 3400, support below 3338
One-hour chart resistance 3375, support below 3350
Fundamentally, the geopolitical situation has eased. The market was affected by the Fed's decision this week to keep interest rates unchanged and not cut interest rates, which weakened the bullish momentum and buyers took profits, leading to a decline.
From the current trend analysis, the support below focuses on the four-hour level 3338 and the one-hour level 3350 support. The upper pressure focuses on the suppression near the daily level 3450, and the short-term long-short strength and weakness dividing line 3400. Keep the high-selling and low-buying range operation during the day.
Sell: 3375near SL: 3380
Sell: 3350near SL: 3355
Buy: 3338near SL: 3333
Daily chart resistance 3450, support below 3338
Four-hour chart resistance 3400, support below 3338
One-hour chart resistance 3375, support below 3350
Fundamentally, the geopolitical situation has eased. The market was affected by the Fed's decision this week to keep interest rates unchanged and not cut interest rates, which weakened the bullish momentum and buyers took profits, leading to a decline.
From the current trend analysis, the support below focuses on the four-hour level 3338 and the one-hour level 3350 support. The upper pressure focuses on the suppression near the daily level 3450, and the short-term long-short strength and weakness dividing line 3400. Keep the high-selling and low-buying range operation during the day.
Sell: 3375near SL: 3380
Sell: 3350near SL: 3355
Buy: 3338near SL: 3333
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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.