From a technical perspective, gold closed with a long lower shadow last week, indicating strong support from below. It opened higher on Monday to around $3,252 before falling back, entering a short-term consolidation phase, but the $3,200 integer mark was lost and regained. The daily level stood firmly on the 60-day moving average, and the Bollinger Bands closed, indicating that the market is accumulating upward momentum. Gold is generally bullish this week, with an upper target of $3,280; if it breaks through this resistance level, it may fill the previous gap and further test $3,350 or even $3,400.
Gold's 1-hour K-line shows that gold has bottomed out and rebounded, recovering the losses of last Friday, and is currently close to the upper track of the Bollinger Band. Technical indicators show that there is an obvious bottoming signal below, and there is still room for growth. However, before effectively breaking through $3,280, it is difficult for gold to form a unilateral upward trend. Therefore, this week's operation is considered to be divided into two stages: below $3,280, it is treated as a volatile upward trend, and after breaking through, it will turn into a unilateral upward trend. For gold's short-term operation strategy today, it is recommended to focus on low-level longs and rebound high-level shorts. The short-term focus on the upper resistance of 3250-3260 is 3250-3260, and the short-term focus on the lower support of 3115-3105 is 3115-3105.
Operation strategy:
1. Gold is recommended to go long in the 3220-3215 area, with a stop loss at 3207 and a target of 3230-3240
2. Gold is recommended to go short in the 3250-3255 area, with a stop loss at 3263 and a target of 3235-3225
Gold's 1-hour K-line shows that gold has bottomed out and rebounded, recovering the losses of last Friday, and is currently close to the upper track of the Bollinger Band. Technical indicators show that there is an obvious bottoming signal below, and there is still room for growth. However, before effectively breaking through $3,280, it is difficult for gold to form a unilateral upward trend. Therefore, this week's operation is considered to be divided into two stages: below $3,280, it is treated as a volatile upward trend, and after breaking through, it will turn into a unilateral upward trend. For gold's short-term operation strategy today, it is recommended to focus on low-level longs and rebound high-level shorts. The short-term focus on the upper resistance of 3250-3260 is 3250-3260, and the short-term focus on the lower support of 3115-3105 is 3115-3105.
Operation strategy:
1. Gold is recommended to go long in the 3220-3215 area, with a stop loss at 3207 and a target of 3230-3240
2. Gold is recommended to go short in the 3250-3255 area, with a stop loss at 3263 and a target of 3235-3225
Trade active
Currently, gold can be bought directly, and you will make a profit as long as you buy it. You need to pay special attention to the 3340 support line. Click the link to get accurate trading strategies.
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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.
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.