Gold hit 3500 and then began to fall. The current low is temporarily at 3221. The daily gold price fluctuated greatly and fluctuated widely. The NY market encountered resistance and fell at 3320. Technically, gold is bearish. The trading direction and ideas are mainly to sell at highs.
The US tariff policy and the conflict between Russia and Ukraine have gradually become clear. The continuous reduction of gold ETFs at high levels also implies that it is not optimistic about the subsequent rise. Gold fell again at the opening of the Asian session and broke through 3260. At this time, we should pay attention to the fact that the trend of gold has turned to a break and fall. There may be room for decline in the future market. We need to pay attention to the continuity of the downward trend. On Thursday and Friday, the unemployment benefits department will request data, and the US NFP data will be released, which will also increase the liquidity of gold.
In the past two days, we have been saying that the current volatility of gold is likely to be a transit process of decline. Gold rebounds to a high level and is empty. Gold will eventually break and fall.
Gold has fallen below the last low of 3260 in 1 hour. Gold shorts are more powerful. The 1-hour moving average has also crossed down to form a dead cross. Gold shorts still have momentum. The rebound is to continue to give shorts opportunities. If gold rebounds below the recent shock range, continue to short near the dense trading area of 3275. If gold rebounds weakly and cannot even touch the last low of 3260, it is an extremely weak market, and gold will have more room to fall.
Operation ideas:
First support: 3236, second support: 3222, third support: 3208
First resistance: 3254, second resistance: 3272, third resistance: 3285
Buy: 3200-3205, SL: 3190, TP: 3225-3235;
Sell: 3275-3280, SL: 3287, TP: 3250-3240;
The US tariff policy and the conflict between Russia and Ukraine have gradually become clear. The continuous reduction of gold ETFs at high levels also implies that it is not optimistic about the subsequent rise. Gold fell again at the opening of the Asian session and broke through 3260. At this time, we should pay attention to the fact that the trend of gold has turned to a break and fall. There may be room for decline in the future market. We need to pay attention to the continuity of the downward trend. On Thursday and Friday, the unemployment benefits department will request data, and the US NFP data will be released, which will also increase the liquidity of gold.
In the past two days, we have been saying that the current volatility of gold is likely to be a transit process of decline. Gold rebounds to a high level and is empty. Gold will eventually break and fall.
Gold has fallen below the last low of 3260 in 1 hour. Gold shorts are more powerful. The 1-hour moving average has also crossed down to form a dead cross. Gold shorts still have momentum. The rebound is to continue to give shorts opportunities. If gold rebounds below the recent shock range, continue to short near the dense trading area of 3275. If gold rebounds weakly and cannot even touch the last low of 3260, it is an extremely weak market, and gold will have more room to fall.
Operation ideas:
First support: 3236, second support: 3222, third support: 3208
First resistance: 3254, second resistance: 3272, third resistance: 3285
Buy: 3200-3205, SL: 3190, TP: 3225-3235;
Sell: 3275-3280, SL: 3287, TP: 3250-3240;
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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.
🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.