Gold technical analysis
Daily chart resistance 3055, support below 2950
Four-hour chart resistance 3055, support below 2981
One-hour chart resistance 3015, support below 2981
Gold news analysis: The market is currently in a two-way power game between risk asset selling and rising risk aversion demand. Although gold is a safe-haven asset, it is also facing the pressure of liquidity withdrawal. In the context of the unclear Fed policy and the continued escalation of global trade concerns, gold prices may continue to maintain a volatile pattern.
Gold operation suggestions: Gold rebounded quickly in the Asian session yesterday and was under pressure at 3054, then fluctuated and fell, and continued to fall in the European and US sessions, breaking through the new bottom, and finally accelerated downward to break through the 2960 mark to reach 2956 and stabilize and rise.
From the current trend analysis, today's upper short-term resistance focuses on the one-hour level 3015 and the daily level 3055, and the lower support focuses on the 2981 line support. In terms of operation, the rebound pressure at this position continues to sell bearish. Yesterday's daily line closed below 3015. Today we continue to look for a new bottom, and buying needs to be treated with caution.
Sell: 3055near SL: 3060
Sell: 3015near SL: 3020
Sell: 2981near SL: 2988
Daily chart resistance 3055, support below 2950
Four-hour chart resistance 3055, support below 2981
One-hour chart resistance 3015, support below 2981
Gold news analysis: The market is currently in a two-way power game between risk asset selling and rising risk aversion demand. Although gold is a safe-haven asset, it is also facing the pressure of liquidity withdrawal. In the context of the unclear Fed policy and the continued escalation of global trade concerns, gold prices may continue to maintain a volatile pattern.
Gold operation suggestions: Gold rebounded quickly in the Asian session yesterday and was under pressure at 3054, then fluctuated and fell, and continued to fall in the European and US sessions, breaking through the new bottom, and finally accelerated downward to break through the 2960 mark to reach 2956 and stabilize and rise.
From the current trend analysis, today's upper short-term resistance focuses on the one-hour level 3015 and the daily level 3055, and the lower support focuses on the 2981 line support. In terms of operation, the rebound pressure at this position continues to sell bearish. Yesterday's daily line closed below 3015. Today we continue to look for a new bottom, and buying needs to be treated with caution.
Sell: 3055near SL: 3060
Sell: 3015near SL: 3020
Sell: 2981near SL: 2988
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Gold technical analysisFour-hour chart resistance 3155, support below 3080
One-hour chart resistance 3150, support below 3080.
If CPI is lower than expected: it may rebound to 3150-3170, and look to 3180 US dollars after breaking through.
If CPI is higher than expected: it may accelerate to 3070-3080, and even trigger long stop-loss selling, falling to 3050.
CPI data dominates intraday fluctuations today. If it breaks through and stabilizes at 3135, the next target is 3150-3170;
If the data is negative, it is necessary to pay attention to the effectiveness of the support of 3070-3080 US dollars, and look to 3050 after breaking through.
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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.