Will gold still rise after the shock?
Updated
There is a high probability that gold will be positioned around the short-term moving average for range consolidation. The key support is focused on the 2146 line and the resistance 2195. Last week's breakthrough is just a breakthrough for the time being; in the past two days, it has entered a range consolidation, with the 2180 line resistance and the 2160 line. Support, pay attention to the operating gains and losses in this range; macd is gradually moving up the golden cross. If the price falls and pierces the previous low, it is easy to deviate and pull back to rise; therefore, in terms of operation, recommends leaning towards 2160, a bullish shock, strong support It is the retracement point of the previous triangle consolidation at 2150-52. It is also bullish when it reaches it. The resistance target is 2180. Once the Lianyang is effectively established, it will hit 2195.
Note
Let’s see if we can reach 2180 first.Trade active
Trade active
Trade active
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.