Gold traded within the range of 1816-1832
Updated
After forming a double bottom structure, gold quickly broke through the resistance level of $1820 and rose to around $1826 before pulling back to $1820. Therefore, $1820 has now become a support level, and there are currently two main resistance levels, one around $1826-$1828 and the other around $1832.
Based on this, for today's trading, I suggest buying at the support levels of $1820 and $1816 with a take-profit target of $1826. If it breaks through $1828, then go long with a take-profit target of $1832.
I will continue to monitor the trend of gold and share my thoughts. Thank you for your attention and support.
Note
Gold is now approaching $1820 USD, going long if it doesn't fall below that level and shorting if it breaks throughTrade active
Currently at a resistance level of around $1830, a short position is taken with take-profit levels set at $1824, $1819, and $1813, and a stop-loss at $1834.
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