Short

Pay attention to the important signals of gold next time!!!

From the perspective of the key points of the daily line, the middle track 3350 has become an important watershed. 3311 is the short-term low support level. If you want to confirm that 3295 is the short-term bottom, it is very important to hold 3311-3303 US dollars. Once this point is lost, the downward trend will be broken again.

From the 4-hour analysis, the upper short-term resistance focuses on the vicinity of the 3338-47 area, and the focus is on the 3358 line suppression. The short-term support below focuses on the vicinity of the 3315-3303 mark. The short-term long-short strength and weakness watershed 3355 mark. It is difficult to maintain strength before the daily level breaks through and stands on this position.

Note

Gold encountered resistance near 3338 and retreated again to the precise support level near 3315, and the price of gold fell by $20/ounce. Profitable range trading plan.

Note

The next support level to be tested is around 3305

Note

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Note

The short-term target of 3303 has been broken. We need to further focus on looking for support below 3300.

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