Gold daily line fell 240 dollars from the top of 3500. At present, 3500 is under short-term pressure. Whether the adjustment is over or not cannot be confirmed. The short-term 4-hour middle track 3380 has been lost and converted into a key resistance!
The 1-hour level K-line is under pressure and ma10 and ma5 continue to fall. After yesterday's consolidation and pull-up in the NY market, the K-line has now re-run above ma10, plus macd is under the zero axis. The rapid decline of 200 dollars has almost corrected most of the upward trend. If it continues to fall, it may start to build a bottom with the help of the bottom divergence, and then start the next round of gains!
Today is also a critical day for gold. After the bottom of 3260, today's strength is very important. If gold continues to rise directly today without a big correction, it means that gold may start to fluctuate and rise again.
Key points:
First support: 3320, second support: 3300, third support: 3288
First resistance: 3360, second resistance: 3376, third resistance: 3400
Operation ideas:
Buy: 3315-3318, SL: 3306, TP: 3340-3360;
Sell: 3387-3390, SL: 3400, TP: 3370-3350;
The 1-hour level K-line is under pressure and ma10 and ma5 continue to fall. After yesterday's consolidation and pull-up in the NY market, the K-line has now re-run above ma10, plus macd is under the zero axis. The rapid decline of 200 dollars has almost corrected most of the upward trend. If it continues to fall, it may start to build a bottom with the help of the bottom divergence, and then start the next round of gains!
Today is also a critical day for gold. After the bottom of 3260, today's strength is very important. If gold continues to rise directly today without a big correction, it means that gold may start to fluctuate and rise again.
Key points:
First support: 3320, second support: 3300, third support: 3288
First resistance: 3360, second resistance: 3376, third resistance: 3400
Operation ideas:
Buy: 3315-3318, SL: 3306, TP: 3340-3360;
Sell: 3387-3390, SL: 3400, TP: 3370-3350;
Note
The signal has made a profit of 100pips, pay attention to protecting the profitTrade active
The market is following my chart. Did you follow the buy signal at 3315-3318? Welcome to check out my work 
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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.