Gold technical analysis
Daily chart resistance 2892-2930, support below 2850
Four-hour chart resistance 2876-2892, support below 2832
One-hour chart resistance 2876, support below 2860
Gold news analysis:
Last Friday, gold technical pressure 2884 mark further ushered in a very weak unilateral adjustment downward trend, Asian, European and American markets successively under pressure to fall and fluctuate downward, the US market accelerated downward to break through the 2840 mark to reach 2832 and began to rebound, closing near 2860, closing with a decline for two consecutive trading days, short-term gold price encountered resistance at the 2950 mark ushered in a daily level adjustment, today's Asian market opened under the influence of weekend news, gold price quickly rushed up to pierce the 2876 mark, and then fell into a shock consolidation.
Gold operation suggestions: Today's upper short-term resistance is 2876-2892. Any rebound before the daily level breaks through and stabilizes at 2892 is a short-selling opportunity. Pay attention to the lower low support around 2825-30. Overall, rely on this range to participate in high selling and low buying, and wait patiently for key points to enter the market.
Sell: 2870near SL: 2875
Sell: 2892near SL: 2897
Use small size to control risk
Daily chart resistance 2892-2930, support below 2850
Four-hour chart resistance 2876-2892, support below 2832
One-hour chart resistance 2876, support below 2860
Gold news analysis:
Last Friday, gold technical pressure 2884 mark further ushered in a very weak unilateral adjustment downward trend, Asian, European and American markets successively under pressure to fall and fluctuate downward, the US market accelerated downward to break through the 2840 mark to reach 2832 and began to rebound, closing near 2860, closing with a decline for two consecutive trading days, short-term gold price encountered resistance at the 2950 mark ushered in a daily level adjustment, today's Asian market opened under the influence of weekend news, gold price quickly rushed up to pierce the 2876 mark, and then fell into a shock consolidation.
Gold operation suggestions: Today's upper short-term resistance is 2876-2892. Any rebound before the daily level breaks through and stabilizes at 2892 is a short-selling opportunity. Pay attention to the lower low support around 2825-30. Overall, rely on this range to participate in high selling and low buying, and wait patiently for key points to enter the market.
Sell: 2870near SL: 2875
Sell: 2892near SL: 2897
Use small size to control risk
Trade active
If you followed my signal SELL: 2870near SL2875, you would have made 50 pips profit. You decide how much you earn, please protect your profitsNote
Gold continued to fluctuate today, with weak continuity in rising and falling. The short-term technical side tends to fluctuate, and the breakthrough direction needs to be determined in combination with news events. The key watershed is 2880. If it stands firm, it is expected to challenge the 2900 mark. If it loses 2860 below, it may drop to the 2850-2830 support area. It is recommended to reduce the transaction size today to prevent the volatility before and after the release of news data from being amplified and hitting the SLIf the US ISM manufacturing PMI is lower than expected in NY time, it may trigger a technical rebound to $2888
Trade closed manually
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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.