Technically, the gold daily chart remains strong and hits a new record high to close. The price continues to run above MA10 and 5 days. The daily moving average keeps opening upward, and the bulls usher in a second large-scale rise.
The short-term four-hour chart Bollinger band opens upward, the price runs along the upper track of the Bollinger band, the MA10/7-day moving average keeps opening upward, the hourly chart remains consistent, the price is running in the middle and upper track of the Bollinger band, and the moving average opens upward. Yesterday's 3017 low rose to the current 3075, and it was another unilateral bullish surge of 60 US dollars. Today's trading ideas continue to maintain low-multiple participation during the day, and pay attention to the historical high selling participation opportunities during the European and American trading hours.
Stimulated by risk aversion, gold has been rising all the way, strongly pulling bulls back, and then gold adjusted, but the previous box was shaken and broken. Last night, gold fell back and still got support on the upper edge of the box. Bulls once again made efforts to attack, and prices continued to sprint to new highs. After the daily cycle was corrected for five trading days, bulls launched another fierce attack. Since gold has chosen to break upward in the shock, it is still necessary to follow the trend and go long.
The reason for the intraday gold breakout and shock upward is risk aversion and technical breakthrough. The 1-hour moving average of gold has now begun to cross upward bullish divergence. After gold fell back in the US market to confirm the support of 3033, the bulls continued to exert their strength. So gold can continue to buy on dips above 3033 today. If it falls below 3033, the short-term bullish strength of gold may be suppressed, and then gold is likely to start to fluctuate again. .
Key points:
First support: 3055, second support: 3048, third support: 3040
First resistance: 3077, second resistance: 3086, third resistance: 3097
Operation ideas:
Buy: 3048-3051, SL: 3039, TP: 3080-3090;
Sell: 3085-3088, SL: 3097, TP: 3060-3050;
The short-term four-hour chart Bollinger band opens upward, the price runs along the upper track of the Bollinger band, the MA10/7-day moving average keeps opening upward, the hourly chart remains consistent, the price is running in the middle and upper track of the Bollinger band, and the moving average opens upward. Yesterday's 3017 low rose to the current 3075, and it was another unilateral bullish surge of 60 US dollars. Today's trading ideas continue to maintain low-multiple participation during the day, and pay attention to the historical high selling participation opportunities during the European and American trading hours.
Stimulated by risk aversion, gold has been rising all the way, strongly pulling bulls back, and then gold adjusted, but the previous box was shaken and broken. Last night, gold fell back and still got support on the upper edge of the box. Bulls once again made efforts to attack, and prices continued to sprint to new highs. After the daily cycle was corrected for five trading days, bulls launched another fierce attack. Since gold has chosen to break upward in the shock, it is still necessary to follow the trend and go long.
The reason for the intraday gold breakout and shock upward is risk aversion and technical breakthrough. The 1-hour moving average of gold has now begun to cross upward bullish divergence. After gold fell back in the US market to confirm the support of 3033, the bulls continued to exert their strength. So gold can continue to buy on dips above 3033 today. If it falls below 3033, the short-term bullish strength of gold may be suppressed, and then gold is likely to start to fluctuate again. .
Key points:
First support: 3055, second support: 3048, third support: 3040
First resistance: 3077, second resistance: 3086, third resistance: 3097
Operation ideas:
Buy: 3048-3051, SL: 3039, TP: 3080-3090;
Sell: 3085-3088, SL: 3097, TP: 3060-3050;
Trade active
The profit from selling is already 30~40pips, please set BE. The current selling is a high-risk transaction. It is not recommended to hold for a long time! After another breakthrough, it will continue to set new highs! Trade closed: target reached
Please check, it's a tough day for trading today as it's swinging around all-time highs. Before it falls below 3065, the bulls continue to be strong and buying is profitable 
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.