The daily gold line includes a small positive line. The high price did not break the previous high, and the low price did not break the previous low. It belongs to the inner line pattern. After yesterday's sharp rise in gold, the midnight minor adjustment touched 3369 and stabilized. This level will be regarded as the first support level today, and then 3363 US dollars.
Gold bottomed out successfully, with the lowest point of the day at 3344. The small non-agricultural positives in the evening helped the gold price to rise further. The high point of gold is gradually approaching the pressure level of 3392. In the short term, the gold price is expected to break through the pressure and continue to rise! I believe that everyone has a clear direction in their hearts. The bulls are very strong and can go with the trend. The important thing is the point. The low point below is moving up, which means that if the gold price drops again, the low point will not fall below 3344 again. Yesterday's gold Asian and European sessions were in a trend of shock adjustment. After the release of the US data yesterday, the gold price rose from 3350 to the current price of 3384.6 and then fell back. In terms of short-term operations, it is recommended to buy at low levels. Now from the market, Monday's 3392 high pressure still exists. The closing of the day is concerned about whether this position can be broken.
On the whole, today's short-term operation of gold is recommended to focus on callback buying and rebound selling. The upper short-term focus is on the 3385-3392 line of resistance, and the lower short-term focus is on the 3350-3343 line of support. !
Gold strategy:
Buying range: 3355-3350, SL: 3345, TP: 3370-3380
Selling range: 3385-3390, SL: 3395, TP: 3370-3360
Key points:
First support: 3355, second support: 3350, third support: 3340
First resistance: 3385, second resistance: 3390, third resistance: 3400
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Gold bottomed out successfully, with the lowest point of the day at 3344. The small non-agricultural positives in the evening helped the gold price to rise further. The high point of gold is gradually approaching the pressure level of 3392. In the short term, the gold price is expected to break through the pressure and continue to rise! I believe that everyone has a clear direction in their hearts. The bulls are very strong and can go with the trend. The important thing is the point. The low point below is moving up, which means that if the gold price drops again, the low point will not fall below 3344 again. Yesterday's gold Asian and European sessions were in a trend of shock adjustment. After the release of the US data yesterday, the gold price rose from 3350 to the current price of 3384.6 and then fell back. In terms of short-term operations, it is recommended to buy at low levels. Now from the market, Monday's 3392 high pressure still exists. The closing of the day is concerned about whether this position can be broken.
On the whole, today's short-term operation of gold is recommended to focus on callback buying and rebound selling. The upper short-term focus is on the 3385-3392 line of resistance, and the lower short-term focus is on the 3350-3343 line of support. !
Gold strategy:
Buying range: 3355-3350, SL: 3345, TP: 3370-3380
Selling range: 3385-3390, SL: 3395, TP: 3370-3360
Key points:
First support: 3355, second support: 3350, third support: 3340
First resistance: 3385, second resistance: 3390, third resistance: 3400
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Note
The callback buying has reached the target Note
The short-term key support position is around 3361. If it breaks, it will go down to 3343-3333. The important pressure position is around 3392. If it breaks, it will go up to 3405-3410! Comprehensive analysis: I personally recommend buying low and long positions at night, supplemented by high short positions! GOLD watershed: $3360Note
After breaking through 3392, it will rise by 100 points, and the next step will be to reach the target of 3405-3410 
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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.