Gold technical analysis
Daily chart resistance 3030-50, support below 2978
Four-hour chart resistance 3030, support below 3000
One-hour chart resistance 3020, support below 3006
Gold operation suggestions: Gold was consolidated at a high level yesterday, and rose straight after entering the breakthrough. The US dollar is weak, and gold is still strong in the short term, but the attached indicator has entered the top divergence area, and there is a need for adjustment, with the previous continuous increase in volume. The current rise is a slow rise, and the callback is a fast retracement. It is also a deep retracement. At this stage, it is most likely to misjudge the direction, and the fluctuation range will become larger and larger. Remember, sideways trading does not mean the end of the rise. Heavy volume will soon lead to a new high. Avoid chasing highs.
From the current trend analysis, the lower support focuses on the one-hour level 3006 and the four-hour level 3000 line, focusing on the important support of the 2978 line. The retracement relies on this position to continue to be bullish, and the upper target still focuses on the new high. Before the daily level does not fall below the lower support, it still maintains a long-term transaction.
Buy: 3006near SL: 3000
Buy: 3000near SL: 2995
Daily chart resistance 3030-50, support below 2978
Four-hour chart resistance 3030, support below 3000
One-hour chart resistance 3020, support below 3006
Gold operation suggestions: Gold was consolidated at a high level yesterday, and rose straight after entering the breakthrough. The US dollar is weak, and gold is still strong in the short term, but the attached indicator has entered the top divergence area, and there is a need for adjustment, with the previous continuous increase in volume. The current rise is a slow rise, and the callback is a fast retracement. It is also a deep retracement. At this stage, it is most likely to misjudge the direction, and the fluctuation range will become larger and larger. Remember, sideways trading does not mean the end of the rise. Heavy volume will soon lead to a new high. Avoid chasing highs.
From the current trend analysis, the lower support focuses on the one-hour level 3006 and the four-hour level 3000 line, focusing on the important support of the 2978 line. The retracement relies on this position to continue to be bullish, and the upper target still focuses on the new high. Before the daily level does not fall below the lower support, it still maintains a long-term transaction.
Buy: 3006near SL: 3000
Buy: 3000near SL: 2995
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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.