Gold technical analysis
Daily chart resistance 3300, support below 3150-2970
Four-hour chart resistance 3250, support below 3190-3150
One-hour chart resistance 3250, support below 3210
Analysis of gold news: Last week, the gold market staged a thrilling bull carnival, with a strong weekly price increase of $298. Among the many complex factors affecting the trend of gold prices, tariff news is like a "visible hand" that firmly controls the direction of the market.
Judging from the current situation, if the tariff policy is further tightened, the risk aversion sentiment in the global market will inevitably be re-ignited, which will in turn drive the gold price to continue its strong rise. On the contrary, once there is a sign of easing in the tariff policy, the gold market is very likely to reverse in an instant, fall rapidly or even fall into a situation of plummeting. Therefore, the key guidance for the trend of gold this week is undoubtedly focused on every subtle change in the tariff news.
Gold operation suggestions: Last Friday, the technical side of gold continued to fluctuate upward and break through the highs. The US market accelerated to break through and stood above the 3240 mark and closed at a high level. It closed with a big rise for three consecutive trading days. The short-term gold price has completely entered the overbought pattern.
From the current trend analysis, today's upper short-term resistance is around the 3250 mark, and the lower support is the one-hour level 3210 and the four-hour level 3190. In terms of operation, continue to buy in line with the trend when stepping back to this position. At the same time, gold is currently in a serious overbought pattern. Be careful of a sharp correction and decline.
Buy: 3210near SL:3205
Buy: 3190near SL:3185
Buy: 3150near SL:3145
Daily chart resistance 3300, support below 3150-2970
Four-hour chart resistance 3250, support below 3190-3150
One-hour chart resistance 3250, support below 3210
Analysis of gold news: Last week, the gold market staged a thrilling bull carnival, with a strong weekly price increase of $298. Among the many complex factors affecting the trend of gold prices, tariff news is like a "visible hand" that firmly controls the direction of the market.
Judging from the current situation, if the tariff policy is further tightened, the risk aversion sentiment in the global market will inevitably be re-ignited, which will in turn drive the gold price to continue its strong rise. On the contrary, once there is a sign of easing in the tariff policy, the gold market is very likely to reverse in an instant, fall rapidly or even fall into a situation of plummeting. Therefore, the key guidance for the trend of gold this week is undoubtedly focused on every subtle change in the tariff news.
Gold operation suggestions: Last Friday, the technical side of gold continued to fluctuate upward and break through the highs. The US market accelerated to break through and stood above the 3240 mark and closed at a high level. It closed with a big rise for three consecutive trading days. The short-term gold price has completely entered the overbought pattern.
From the current trend analysis, today's upper short-term resistance is around the 3250 mark, and the lower support is the one-hour level 3210 and the four-hour level 3190. In terms of operation, continue to buy in line with the trend when stepping back to this position. At the same time, gold is currently in a serious overbought pattern. Be careful of a sharp correction and decline.
Buy: 3210near SL:3205
Buy: 3190near SL:3185
Buy: 3150near SL:3145
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💥Telegram Channel Free Updates 👉🏻
💥t.me/Actuary00group
✉️Signal and daily analysis channel
💥t.me/Actuary00group
✉️Signal and daily analysis channel
Related publications
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.