Gold rose more than 1% in a single day

180
Gold technical analysis
The resistance level of the daily chart is 3150, and the support level below is 3060
The resistance level of the four-hour chart is 3150, and the support level below is 3078
The resistance level of the one-hour chart is 3130, and the support level below is 3098

Risk aversion and policy expectations jointly push up the price of gold. After stabilizing at $3100, the next target is $3130-3170; if the NY market data is negative or a technical correction occurs, it is necessary to pay attention to the effectiveness of the support near 3100.

Comprehensive consideration is mainly to buy at low levels, focusing on the breakthrough signal of $3130, the 4-hour rising channel is intact, and the rising channel that breaks through 3130 will move towards the 3150-3170 range

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.