Gold technical analysis
The resistance level of the four-hour chart is 3400, and the support level is 3300
The resistance level of the one-hour chart is 3370-80, and the support level is 3310
The resistance level of the 30-minute chart is 3350, and the support level is 3325.
The recent market has been running up and down by more than 100 dollars every day. It is difficult to say where the resistance and support are. There are more news data in the NY market opening today, so the market volatility is expected to be large. It is recommended to follow the trend and wait for the breakthrough of resistance and support before entering.
The current price of 3338 is in the rebound repair stage after oversold. If it stands firm at 3300, it may test the resistance area of 3350-3370; if it falls below 3289, it is necessary to be alert to the pullback to the support area of 3250-3270.
Trading strategy:
1. After breaking through 3350, it may continue to rise below 3370-3380
2. Sell after being blocked in the 3370-3380 range.
3. After breaking below 3290, you can follow the sell and may continue to test the support area of 3260-3245
The resistance level of the four-hour chart is 3400, and the support level is 3300
The resistance level of the one-hour chart is 3370-80, and the support level is 3310
The resistance level of the 30-minute chart is 3350, and the support level is 3325.
The recent market has been running up and down by more than 100 dollars every day. It is difficult to say where the resistance and support are. There are more news data in the NY market opening today, so the market volatility is expected to be large. It is recommended to follow the trend and wait for the breakthrough of resistance and support before entering.
The current price of 3338 is in the rebound repair stage after oversold. If it stands firm at 3300, it may test the resistance area of 3350-3370; if it falls below 3289, it is necessary to be alert to the pullback to the support area of 3250-3270.
Trading strategy:
1. After breaking through 3350, it may continue to rise below 3370-3380
2. Sell after being blocked in the 3370-3380 range.
3. After breaking below 3290, you can follow the sell and may continue to test the support area of 3260-3245
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💥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.