Judging from the current market situation, short-term bulls continue to take the initiative, which will undoubtedly increase the probability of gold prices hitting the 3070-3080 area, but we also need to be prepared for high-level bulls to leave the market and make profits, and be prepared for the trend to change.
Today, Friday, since the market is still in the trend bullish structure channel, coupled with yesterday's bottoming and rebounding trend, we need to pay attention to Friday's re-high action. Trading ideas: Buy at a low position during the intraday correction, and sell after the historical high or new high is under pressure. It is planned to trade in the 3030-3060 range.
For intraday operations, it is recommended to buy on pullbacks without buying at high positions. For the support below, pay attention to the 3030-3032 area. As long as the price can keep running above, the probability of seeing the 3050-3060 area during the day is very high. On the contrary, if the support breaks down, it will most likely test the 3023 area. As for the resistance, pay attention to the 3060 area. It is expected that the possibility of a breakthrough today is very small. However, considering that the current support has moved up, it is only recommended to participate in the sale when the price approaches 3055 for the first time.
Key points:
First support: 3040, second support: 3032, third support: 3023
First resistance: 3054, second resistance: 3060, third resistance: 3077
Operation ideas:
Buy: 3031-3035, SL: 3022, TP: 3050-3060;
Sell: 3055-3057, SL: 3066, TP: 3020-3030;
More signals will be updated in the VIP group
Today, Friday, since the market is still in the trend bullish structure channel, coupled with yesterday's bottoming and rebounding trend, we need to pay attention to Friday's re-high action. Trading ideas: Buy at a low position during the intraday correction, and sell after the historical high or new high is under pressure. It is planned to trade in the 3030-3060 range.
For intraday operations, it is recommended to buy on pullbacks without buying at high positions. For the support below, pay attention to the 3030-3032 area. As long as the price can keep running above, the probability of seeing the 3050-3060 area during the day is very high. On the contrary, if the support breaks down, it will most likely test the 3023 area. As for the resistance, pay attention to the 3060 area. It is expected that the possibility of a breakthrough today is very small. However, considering that the current support has moved up, it is only recommended to participate in the sale when the price approaches 3055 for the first time.
Key points:
First support: 3040, second support: 3032, third support: 3023
First resistance: 3054, second resistance: 3060, third resistance: 3077
Operation ideas:
Buy: 3031-3035, SL: 3022, TP: 3050-3060;
Sell: 3055-3057, SL: 3066, TP: 3020-3030;
More signals will be updated in the VIP group
Trade closed manually
Trading ends today. See you next week 
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.