CFDs on Gold (US$ / OZ)
Short
Updated

XAUUSD: 28/4 Today's Market Analysis and Strategy

462
Gold technical analysis
The resistance level of the four-hour chart is 3370, and the support level is 3225-3230
The resistance level of the one-hour chart is 3330, and the support level is 3260
The resistance level of the 30-minute chart is 3300, and the support level is 3268.

The current price of 3290 is in the oversold rebound stage. Now it will continue to rebound upward after standing firm on the 30-minute/1-hour support. The strength and weakness dividing line focuses on the 3300 line. After breaking through, it confirms the short-term bullish strength and continues to the 3330 resistance zone;

On the contrary, if it falls below 3268-3270, it may accelerate the decline. Focus on the price response of the three positions of 3270 and 3300/3330.
Trade closed manually
After breaking through 3300, the rally continued and profits were taken snapshot

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