📊From the hourly level, gold formed a double-needle bottoming pattern near 3360 during the early morning correction, showing strong short-term support. At the same time, 3350, as the low point of yesterday's Asian session correction, also constitutes an important support area at present, which needs to be focused on in the short term.
📊Before the announcement of the Fed's interest rate decision, market sentiment is relatively cautious, and gold is expected to continue to fluctuate at a high level in the range of 3350 to 3400. In terms of trading strategy, you can continue to maintain the idea of selling high and buying low in the range, that is, try to short with a light position near 3400, and try short-term long orders when it falls back to 3350.
📊If gold breaks below the 3350 support line, it means that the short-term structure will weaken. It is recommended to follow the trend and go short. The further downward target can focus on the 3290 line, which is an important platform support area in the early stage.
✅Short-term Trading Strategy:
🔰Within the range (3350-3400): mainly sell high and buy low;
🔰If the support of 3350 is broken: follow the trend and go short, the target is around 3290;
🔴Upper resistance level: 3400-3410;
🟢Lower support level: 3350, 3290.
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
📊Before the announcement of the Fed's interest rate decision, market sentiment is relatively cautious, and gold is expected to continue to fluctuate at a high level in the range of 3350 to 3400. In terms of trading strategy, you can continue to maintain the idea of selling high and buying low in the range, that is, try to short with a light position near 3400, and try short-term long orders when it falls back to 3350.
📊If gold breaks below the 3350 support line, it means that the short-term structure will weaken. It is recommended to follow the trend and go short. The further downward target can focus on the 3290 line, which is an important platform support area in the early stage.
✅Short-term Trading Strategy:
🔰Within the range (3350-3400): mainly sell high and buy low;
🔰If the support of 3350 is broken: follow the trend and go short, the target is around 3290;
🔴Upper resistance level: 3400-3410;
🟢Lower support level: 3350, 3290.
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
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.
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.