Bros, Yesterday, gold's daily positive line closed higher, which strongly drove MA5 to turn upward again. Today, gold broke through a new high and reached a maximum of around 3086. Looking at the 4H market trend, the upper resistance is located in the 3085-3090 range. If it breaks, we will see 3100. Yesterday, US gold fell back to 3035-3047 to hit new highs. As the high point moved upward, today's lower support also moved up to the 3055-3060 line. This is also the first callback area of primary concern today.
According to this week's operating rules, the Asian and European markets fluctuated upward, and the US market fell back or swept away. The risk point for bulls is in the US market period. The U.S. PCE data to be released during today's U.S. trading session is also attracting market attention, which may determine the trend of gold in late trading today.
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According to this week's operating rules, the Asian and European markets fluctuated upward, and the US market fell back or swept away. The risk point for bulls is in the US market period. The U.S. PCE data to be released during today's U.S. trading session is also attracting market attention, which may determine the trend of gold in late trading today.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
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Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.