Gold prices hit resistance as they push higher

Gold prices continued to fluctuate this week. Last Thursday, gold prices stabilized and rebounded near $3,284, and remained strong after breaking through $3,300. During today's Asian session, gold prices repeatedly hit the 3,385 pressure level but failed. After retreating to around 3,369 and gaining support, they rebounded again to around 3,396. The current price faces technical repair needs, but the overall upward trend has not changed, and the probability of breaking through the $3,400 mark is still high. The support level of the retracement is focused on the Asian session low of 3369 US dollars and the 4-hour MA5 moving average of 3360 US dollars. You can arrange long orders on dips; the upper pressure focuses on the 3396-3400 line. After breaking through, you need to be alert to the pressure of the daily error band indicator of 3425-3430 US dollars. At present, you can go short at the rebound of 3395 in the short term. The general trend is still dominated by low and long.

Gold recommendation: Go short near the rebound of 3395-3400, stop loss 3405, target 3370, strict stop loss for large fluctuations

Gold operation: Go long near the retracement of 3370-3375, stop loss 3362, target 3400, strict stop loss for large fluctuations

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3382-85 long, stop loss 3370, target 3395-3410. Click the link to get accurate trading signals

EuniceHarrington

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EuniceHarrington

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