Gold has now broken through strongly and stabilized above 3350. Gold fell back in the Asian session and went long. Gold bulls restarted and accumulated energy. Now gold bulls obviously occupy a dominant position. Gold fell back in the Asian session and could only go long. For the current market, don't chase it easily. The market fluctuates too much. Wait patiently for the opportunity to go long after the decline.
The 1-hour moving average of gold has begun to cross upward to form a golden cross. Gold bulls have begun to exert their strength. After gold broke through the 3350 line yesterday, gold fell back to around 3305 and continued to exert its strength. In the short term, 3350 is the key to the turning point of gold bulls and bears. Gold fell back to 3350 in the early trading, which is an opportunity to go long on dips.
The market changes rapidly. Since gold bulls are more powerful at the moment, gold will continue to go long. After the adjustment of gold bulls, the bottom rose. Then the gold bulls may have just begun, and the gold bulls are expected to continue to rise.
Buy range: 3350-3348, SL: 3338, TP: 3370-3380
Sell range: 3395-3397, SL: 3407, TP: 3375-3365
Key points:
First support: 3350, second support: 3340, third support: 3330
First resistance: 3390, second resistance: 3400, third resistance: 3410
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The 1-hour moving average of gold has begun to cross upward to form a golden cross. Gold bulls have begun to exert their strength. After gold broke through the 3350 line yesterday, gold fell back to around 3305 and continued to exert its strength. In the short term, 3350 is the key to the turning point of gold bulls and bears. Gold fell back to 3350 in the early trading, which is an opportunity to go long on dips.
The market changes rapidly. Since gold bulls are more powerful at the moment, gold will continue to go long. After the adjustment of gold bulls, the bottom rose. Then the gold bulls may have just begun, and the gold bulls are expected to continue to rise.
Buy range: 3350-3348, SL: 3338, TP: 3370-3380
Sell range: 3395-3397, SL: 3407, TP: 3375-3365
Key points:
First support: 3350, second support: 3340, third support: 3330
First resistance: 3390, second resistance: 3400, third resistance: 3410
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Note
Friends, the market is too volatile, please wait patiently for a decline and go long. Wish us good luck Note
Gold prices were positive for the second day on Tuesday, though they have retreated from a near two-week high hit in the Asian session. Despite signs of easing trade tensions between China and the United States, U.S. President Donald Trump's erratic trade policies have unsettled investors. In addition, geopolitical risks from the Russian-Ukrainian war and the conflict in the Middle East persist, prompting some safe-haven flows into gold. Driven by a weaker dollar and safe-haven demand, the market is awaiting the Fed's policy decision later this week.Gold prices generally rose on Monday, with prices rising as high as 3337.46 and falling as low as 3237.51, closing at 3333.6. Gold closed with a medium-sized positive line on the daily line, and prices stood above the short-term moving average. The 4-hour cycle decline structure is completed, and prices have re-entered the previous trading concentration area, forming a reversal in trend. In the evening, focus on the upper resistance of 3450 and the lower support of 3350! Personally, I recommend buying on dips! GOLD watershed: $3350
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✅Daily analysis and strategies
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
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.