From the daily chart:
The moving average is bullish, and the MA5-day, 10-day, and 30-day moving average supports move up. The 3380 dollar has turned from resistance to strong support. If this position is maintained, the upward channel will continue. The support position is 3380-3375, which is the top and bottom conversion position, and is also near the middle track of the Bollinger Band.
From the four-hour chart, the MACD red column shrinks and the RSI is near 60, and the bulls are still dominant. If the price falls back to the 3375-3380 area and stabilizes, it is expected to attack the 3400 mark again.
Operation strategy:
Long operation:
Steady type: When the gold price falls back to the 3375-3380 area, long orders are arranged in batches, with a stop loss of 3365 and a profit range of 3400-3410.
Aggressive: If the price breaks through 3400 quickly and falls back to around 3395, you can chase long with a light position, stop loss at 3388, and the profit range is 3420 strong resistance area.
Short operation:
Resistance area test short: 3408-3415 area, light position short order, stop loss at 3422, profit range 3390-3380.
Break short: If it falls below the 3375 support and the rebound is weak, follow up with short short, profit range 3360, stop loss 3385.
The moving average is bullish, and the MA5-day, 10-day, and 30-day moving average supports move up. The 3380 dollar has turned from resistance to strong support. If this position is maintained, the upward channel will continue. The support position is 3380-3375, which is the top and bottom conversion position, and is also near the middle track of the Bollinger Band.
From the four-hour chart, the MACD red column shrinks and the RSI is near 60, and the bulls are still dominant. If the price falls back to the 3375-3380 area and stabilizes, it is expected to attack the 3400 mark again.
Operation strategy:
Long operation:
Steady type: When the gold price falls back to the 3375-3380 area, long orders are arranged in batches, with a stop loss of 3365 and a profit range of 3400-3410.
Aggressive: If the price breaks through 3400 quickly and falls back to around 3395, you can chase long with a light position, stop loss at 3388, and the profit range is 3420 strong resistance area.
Short operation:
Resistance area test short: 3408-3415 area, light position short order, stop loss at 3422, profit range 3390-3380.
Break short: If it falls below the 3375 support and the rebound is weak, follow up with short short, profit range 3360, stop loss 3385.
A qualified analyst should have a wolf-like sense of smell and seize every opportunity to make a profit in the market fluctuations. And I am doing this.
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.
A qualified analyst should have a wolf-like sense of smell and seize every opportunity to make a profit in the market fluctuations. And I am doing this.
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.