The fluctuation of gold in the past two days is very large. The rapid rise and fall have added great risks to the transaction. Although the gold price has continued to fall in the past two days, it is possible to rise sharply at any time.
From the 4-hour chart, the gold price has now stepped back to the bottom trend line, 3340-3335 area. If it can hold here, gold will most likely rebound from here. At the same time, the highest position of gold this week is 3439, which is exactly 100$ from the bottom of the trend line.
However, if there is an unexpected market today, Friday, and it falls below the bottom trend line, then the trading risk of gold will rise sharply, so it needs to be treated with caution.
✅Therefore, you can pay close attention to the 3340-3335 range, and look for opportunities to buy if it does not fall below. Once it falls below the support of this range, don't trade, and the risks of both long and short positions will be very high.
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
From the 4-hour chart, the gold price has now stepped back to the bottom trend line, 3340-3335 area. If it can hold here, gold will most likely rebound from here. At the same time, the highest position of gold this week is 3439, which is exactly 100$ from the bottom of the trend line.
However, if there is an unexpected market today, Friday, and it falls below the bottom trend line, then the trading risk of gold will rise sharply, so it needs to be treated with caution.
✅Therefore, you can pay close attention to the 3340-3335 range, and look for opportunities to buy if it does not fall below. Once it falls below the support of this range, don't trade, and the risks of both long and short positions will be very high.
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.