Gold technical analysis
The resistance level of the four-hour chart is 3370, and the support level is 3260
The resistance level of the one-hour chart is 3328, and the support level is 3260
The resistance level of the 30-minute chart is 3320, and the support level is 3287.
Gold rose to 3370.7 in the Asian session today and then fell sharply to 3287.4. It is currently trading around 3293. The technical side shows a fierce game between long and short positions.
If it falls below 3287, the decline will extend to 3260-3250. Then we will continue to short to 3200 next week.
If it breaks through 3328 upward, it will turn strong in the short term and continue to be bullish.
It is recommended to follow the trend trading after the breakthrough. The volatility is too large and it is not suitable for the strategy of selling high and buying low
The resistance level of the four-hour chart is 3370, and the support level is 3260
The resistance level of the one-hour chart is 3328, and the support level is 3260
The resistance level of the 30-minute chart is 3320, and the support level is 3287.
Gold rose to 3370.7 in the Asian session today and then fell sharply to 3287.4. It is currently trading around 3293. The technical side shows a fierce game between long and short positions.
If it falls below 3287, the decline will extend to 3260-3250. Then we will continue to short to 3200 next week.
If it breaks through 3328 upward, it will turn strong in the short term and continue to be bullish.
It is recommended to follow the trend trading after the breakthrough. The volatility is too large and it is not suitable for the strategy of selling high and buying low
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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.