Because the rise in the past two days is a rebound after the previous continuous decline, whether this rebound can stabilize and turn strong still needs to be observed. After the lower track of the previous rising channel broke, the support turned into pressure. It is currently fluctuating sideways near it and has not yet stood up, so it is not ruled out that there may be a suppression and decline today.
Therefore, for today's gold, focus on two positions 2900 and 2920
If it breaks below the 2900 watershed, the market is bearish, and the support below is 2880-2870, where we can see a rebound.
If the big sun stands strongly above 2920-2927, then the retracement can be seen as a second rise, and the upper pressure is near the high point of 2945-2956
Therefore, for today's gold, focus on two positions 2900 and 2920
If it breaks below the 2900 watershed, the market is bearish, and the support below is 2880-2870, where we can see a rebound.
If the big sun stands strongly above 2920-2927, then the retracement can be seen as a second rise, and the upper pressure is near the high point of 2945-2956
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Today, the short-term trend of gold is mainly long. The short-term focus on the upper side is 2954-2956 resistance, and the short-term focus on the lower side is 2910-2908 support. Click the link to get accurate trading signals
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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.