Gold Technology Analysis
Daily chart resistance is 3050-3100, support is 3000 below
Four-hour chart resistance 3080, support 3030 below
One-hour chart resistance 3054, support 3042 below
Analysis of gold news: Spot gold fluctuated narrowly on Thursday, and gold prices continued to rise after Fed Chairman Powell delivered a speech. Spot gold once broke through the $3,050/ounce mark, setting a historical record. The Fed announced the keeping interest rates unchanged at its latest policy meeting and hinted that interest rate cuts could be cut twice this year while slowing down the pace of balance sheet reduction. This series of measures has triggered a decline in the US dollar's gains and a decline in US Treasury yields, providing rising momentum for gold prices. This trading day requires attention to the Bank of England's interest rate resolution, changes in the number of initial unemployment claims in the United States, the United States' February existing home sales data and geopolitical situation related news.
Gold operation suggestions: Gold stabilized yesterday at the 3022 mark and continued to fluctuate strongly and break the high trend. Asian and European session prices rose slightly and pierced through the 3045 mark and fell under pressure. European session fluctuated and fell and stabilized at the 3022 mark. Then it rebounded and rose. The US session fell for the second time and stabilized at the 3026 mark. Then the gold price accelerated to pull up and broke through the 3050 mark and closed strongly at almost the highest point in the day.
Judging from the current trend analysis, the lower support is focused on the one-hour level 3042 and the four-hour level 3030 line, and the important support is focused on the daily level 3000 line. Relying on this position, it continues to be bullish. The target position above is still focused on breaking through new highs. Before the daily level falls below the lower support, it still keeps buying with the trend.
Buy: 3032near SL: 3028
Buy: 3042near SL: 3038
Daily chart resistance is 3050-3100, support is 3000 below
Four-hour chart resistance 3080, support 3030 below
One-hour chart resistance 3054, support 3042 below
Analysis of gold news: Spot gold fluctuated narrowly on Thursday, and gold prices continued to rise after Fed Chairman Powell delivered a speech. Spot gold once broke through the $3,050/ounce mark, setting a historical record. The Fed announced the keeping interest rates unchanged at its latest policy meeting and hinted that interest rate cuts could be cut twice this year while slowing down the pace of balance sheet reduction. This series of measures has triggered a decline in the US dollar's gains and a decline in US Treasury yields, providing rising momentum for gold prices. This trading day requires attention to the Bank of England's interest rate resolution, changes in the number of initial unemployment claims in the United States, the United States' February existing home sales data and geopolitical situation related news.
Gold operation suggestions: Gold stabilized yesterday at the 3022 mark and continued to fluctuate strongly and break the high trend. Asian and European session prices rose slightly and pierced through the 3045 mark and fell under pressure. European session fluctuated and fell and stabilized at the 3022 mark. Then it rebounded and rose. The US session fell for the second time and stabilized at the 3026 mark. Then the gold price accelerated to pull up and broke through the 3050 mark and closed strongly at almost the highest point in the day.
Judging from the current trend analysis, the lower support is focused on the one-hour level 3042 and the four-hour level 3030 line, and the important support is focused on the daily level 3000 line. Relying on this position, it continues to be bullish. The target position above is still focused on breaking through new highs. Before the daily level falls below the lower support, it still keeps buying with the trend.
Buy: 3032near SL: 3028
Buy: 3042near SL: 3038
Trade active
If you follow this signal, you can follow the same instructions as me! Set BEGold fell to 3025.7 and then stabilized. According to today's analysis, the support is around 3030,
so i have bought at 3031.
Now SL has been moved to 3031 and continues to run
Trade closed manually
Buy signal has been manually closed 
💥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.
💥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.