Gold correction trend has changed？
📊Geopolitical tensions and escalating trade frictions have boosted safe-haven demand, and gold prices have broken through historical highs, forming a bullish pattern of technical and emotional resonance.
📊The daily EMA (5/10/20) is in a standard bullish arrangement, and the weekly EMA20 crosses the EMA50 to form a golden cross, and the medium-term upward trend is established.
📊The 4-hour chart RSI (14) has been overbought for three consecutive days (>80), and the MACD bar chart has diverged from the top, triggering a technical correction demand.
-Resistance zone: 2940-2950 (previous high pressure zone, open upside space after breaking)
-Bull-bear balance: 2900-2910 (short-term psychological barrier, oscillation center)
-Support zone: 2880-2890 (daily EMA50 + band low point resonance support)
-Breakdown target: 2850/2800 (Fibonacci retracement level and medium- and long-term trend line support)
✅Intraday Trading strategy:
🔶GOLD SELL: 2930-2933
🔰TP1: 2915
🔰TP2: 2900
🔰TP3: 2890 OPEN~
🔶GOLD BUY: 2885-2890
🔰TP1: 2915
🔰TP2: 2930
🔰TP3: 2940 OPEN~
📊Gold is currently in a technical correction stage in the continuation of the trend, and the 2880-2890 support zone is the long-short watershed. It is recommended to take the correction as the main strategy and strictly rely on support/resistance for dynamic position adjustment. If the key support is broken, it is necessary to decisively stop loss and change the trading direction. Closely follow the disturbance of the Fed's policy expectations and geopolitical risk events on market sentiment.
📊The daily EMA (5/10/20) is in a standard bullish arrangement, and the weekly EMA20 crosses the EMA50 to form a golden cross, and the medium-term upward trend is established.
📊The 4-hour chart RSI (14) has been overbought for three consecutive days (>80), and the MACD bar chart has diverged from the top, triggering a technical correction demand.
-Resistance zone: 2940-2950 (previous high pressure zone, open upside space after breaking)
-Bull-bear balance: 2900-2910 (short-term psychological barrier, oscillation center)
-Support zone: 2880-2890 (daily EMA50 + band low point resonance support)
-Breakdown target: 2850/2800 (Fibonacci retracement level and medium- and long-term trend line support)
✅Intraday Trading strategy:
🔶GOLD SELL: 2930-2933
🔰TP1: 2915
🔰TP2: 2900
🔰TP3: 2890 OPEN~
🔶GOLD BUY: 2885-2890
🔰TP1: 2915
🔰TP2: 2930
🔰TP3: 2940 OPEN~
📊Gold is currently in a technical correction stage in the continuation of the trend, and the 2880-2890 support zone is the long-short watershed. It is recommended to take the correction as the main strategy and strictly rely on support/resistance for dynamic position adjustment. If the key support is broken, it is necessary to decisively stop loss and change the trading direction. Closely follow the disturbance of the Fed's policy expectations and geopolitical risk events on market sentiment.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
🔴FREE BEST GOLD TRADING CLUB
📲t.me/+BD5fLJQ9VIU4YTNl
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
🔴FREE BEST GOLD TRADING CLUB
📲t.me/+BD5fLJQ9VIU4YTNl
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.
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
🔴FREE BEST GOLD TRADING CLUB
📲t.me/+BD5fLJQ9VIU4YTNl
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
🔴FREE BEST GOLD TRADING CLUB
📲t.me/+BD5fLJQ9VIU4YTNl
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.