The early trading session opened flat at a low of 3313 and rebounded straight. In the 4-hour chart, there were 4 consecutive large positive lines controlling the market. The corresponding US dollar index closed 4 consecutive negative lines in the 4-hour cycle. The gold price broke through the daily MA10 and MA60 moving average adhesion pressure point of 3323. The current upper resistance focuses on the 1-hour automatic parallel channel upper rail position of 3335, and the 4-hour upward channel middle rail is at 3338. The upper reference is the 4-hour upper rail and the 4-hour MA120 moving average adhesion pressure point of 3343.
In terms of support, pay attention to the morning low of 3313. The middle track of the 1-hour parallel channel is glued to the middle track of the 1-hour Bollinger band at 3304. The downward deviation looks at the two nodes of 3300 and 3295. The glue position of the lower track of the 4-hour Bollinger band and the lower track of the 4-hour parallel channel is 3285. Don't look for a new low before it falls below. From the analysis, the overall fluctuation range of gold prices is maintained in the range of 3345 on the upper track of 4 hours and 3285 on the lower track. It is recommended to take long positions at low positions in the short-term bullish trend, and short positions can also be normally sold when the resistance nodes are touched at high levels.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD
In terms of support, pay attention to the morning low of 3313. The middle track of the 1-hour parallel channel is glued to the middle track of the 1-hour Bollinger band at 3304. The downward deviation looks at the two nodes of 3300 and 3295. The glue position of the lower track of the 4-hour Bollinger band and the lower track of the 4-hour parallel channel is 3285. Don't look for a new low before it falls below. From the analysis, the overall fluctuation range of gold prices is maintained in the range of 3345 on the upper track of 4 hours and 3285 on the lower track. It is recommended to take long positions at low positions in the short-term bullish trend, and short positions can also be normally sold when the resistance nodes are touched at high levels.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD 
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.