Gold opened higher yesterday and rose sharply on the daily line. Today, there is still a high point, and it will continue to fall back. The support top and bottom conversion position is around 2598. It's just that this position will not be given for the time being. If there is an opportunity, the market will fluctuate.
Gold rose strongly yesterday. After breaking through 2600, there was no big correction. Gold has basically stabilized at the 2600 line. Gold fell back in the Asian session and continued to be long. The long and short conversion is just a thought. If the gold bulls exert their strength, then continue to be long!
The 1-hour moving average of gold is about to form a perfect upward pattern, so the gold bulls will continue to exert their strength. Gold will continue to be long when it falls back to the 2600 line support in the Asian session.
The first support: 2610, the second support: 2598, the third support: 2586
The first resistance: 2633, the second resistance: 2643, the third resistance: 2663
Trading strategy:
Sell high and buy low according to the resistance and support given above.
Gold rose strongly yesterday. After breaking through 2600, there was no big correction. Gold has basically stabilized at the 2600 line. Gold fell back in the Asian session and continued to be long. The long and short conversion is just a thought. If the gold bulls exert their strength, then continue to be long!
The 1-hour moving average of gold is about to form a perfect upward pattern, so the gold bulls will continue to exert their strength. Gold will continue to be long when it falls back to the 2600 line support in the Asian session.
The first support: 2610, the second support: 2598, the third support: 2586
The first resistance: 2633, the second resistance: 2643, the third resistance: 2663
Trading strategy:
Sell high and buy low according to the resistance and support given above.
Trade active
Waiting for resistance and support levels to enter the marketNote
Gold continues to rise. The short-term pull-up energy is not very large, but it continues to rise during the day, the direction is very firm, and there is no significant correction during the day. Next, we will continue to be optimistic about the bulls while waiting for the gold price to fall!At present, the one-hour market is fluctuating upward, one wave higher than the other, and has broken through the previous downward pressure. At the same time, the moving average continues to rise. The first reference for long positions is the previous pressure level of 2626, which has been converted into support. The next support is 2618.
SELL: 2643-2645
BUY: 2625-2627
Trade closed manually
BUY2625~2627 has been closed with profit, pay attention to 2618 below to continue buying. Wait for real-time signal to see below↓ 
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
Related publications
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.