Gold market trend analysis and operation
Operation ideas:
First touch near 2940: If the gold price touches near 2940 for the first time after the opening of next week, you can consider participating in short orders with a light position, and the target is the two support levels of 2921 and 2916 below.
Strong support near 2920: If the gold price shows strong support near 2920, you can consider going long with the target of breaking through 2940.
Break through 2940: If the gold price can effectively break through 2940 and stand firmly above this position, it may mean that the bulls are in the lead again, and you can consider going long further.
In summary, the operation should focus on the resistance level near 2940 and the support level near 2920, and respond flexibly in combination with the market trend. If the gold price shows strong support at the key support level, you can consider going long with a light position; on the contrary, if the gold price encounters resistance and falls back near the resistance level, you can participate in short orders with a light position.
First touch near 2940: If the gold price touches near 2940 for the first time after the opening of next week, you can consider participating in short orders with a light position, and the target is the two support levels of 2921 and 2916 below.
Strong support near 2920: If the gold price shows strong support near 2920, you can consider going long with the target of breaking through 2940.
Break through 2940: If the gold price can effectively break through 2940 and stand firmly above this position, it may mean that the bulls are in the lead again, and you can consider going long further.
In summary, the operation should focus on the resistance level near 2940 and the support level near 2920, and respond flexibly in combination with the market trend. If the gold price shows strong support at the key support level, you can consider going long with a light position; on the contrary, if the gold price encounters resistance and falls back near the resistance level, you can participate in short orders with a light position.
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.
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.