From the 4-hour analysis, gold breaks through the upper edge of the triangle. According to the measured increase theory of the symmetrical triangle, breaking through the upper resistance of 3415-3427 may trigger a new round of market. After the breakthrough, it is expected to challenge the highs of 3441 or even 3454; then, the support below should pay attention to: 3363-3375 area, and the strong support is 3352. Next, the intensification of risk aversion or the unexpected dovish Fed will become a pusher. RSI breaking through 60 will strengthen the short-term bullish signal.
Personal analysis: oscillating trend Support: around 3375-3363 Resistance: around 3417-3428
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GOLD
Personal analysis: oscillating trend Support: around 3375-3363 Resistance: around 3417-3428
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Good at solving all trading problems, doubling the account in a week, and making a stable profit of 300% in a month
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
🚀Private VIP: t.me/HenryDovitt
👍Market exclusive signal: t.me/Henryffjyfylffc108
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.