Yesterday's US ADP data did not make gold rise straight. The gold price only rebounded slightly and then fell straight in the US market. At present, the trend of gold has fallen below the support of 3230. New downward space has been opened. For our short-term investors, we just need to follow the trend!
The first point of the day is that we first focus on the top and bottom conversion position of 3250, and then the high point where the NY market began to fall. In the Asian session, we will follow the trend in short-term operations. When gold rebounds to around 3250, we can find opportunities to short. Pay attention to the long-short watershed of 3280 during the day. As long as gold is still running below 3280, we will maintain a bearish view!
Buying range: 3220-3218, SL: 3208, TP: 3260-3265
Selling range: 3260-3262, SL: 3272, TP: 3230-3220
Key points:
First support level: 3220, second support level: 3210, third support level: 3200
First resistance level: 3260, second resistance level: 3270, third resistance level: 3280
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The first point of the day is that we first focus on the top and bottom conversion position of 3250, and then the high point where the NY market began to fall. In the Asian session, we will follow the trend in short-term operations. When gold rebounds to around 3250, we can find opportunities to short. Pay attention to the long-short watershed of 3280 during the day. As long as gold is still running below 3280, we will maintain a bearish view!
Buying range: 3220-3218, SL: 3208, TP: 3260-3265
Selling range: 3260-3262, SL: 3272, TP: 3230-3220
Key points:
First support level: 3220, second support level: 3210, third support level: 3200
First resistance level: 3260, second resistance level: 3270, third resistance level: 3280
More sharing, free viewing
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✅Daily analysis and strategies
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
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.