✅This week, gold showed a high-level correction pattern. The price hit a high of 3047 during the Asian session and then fell under pressure. The European session maintained a narrow range of fluctuations. During the US session, it quickly broke down due to market sentiment disturbances, and the lowest intraday test was the integer mark of $3000. Although there was a technical correction in the short term, the price rebounded at the key psychological support level. The daily level still maintained a high-level oscillation structure, and the trend reversal has not been confirmed.
✅The daily level failed to break through the previous high for three consecutive trading days, forming a flat top pattern. If it effectively falls below the 3000-2999 support band at the beginning of next week, it will confirm the embryonic form of the head and shoulders top, and the theoretical measurement target points to the 2950-2930 area.
🔴Upper resistance: 3030-3040 (hourly MA50 + previous high pressure zone)
🟠Bull-bear watershed: 3000 integer mark (psychological support + Fibonacci 38.2% retracement level)
🟢Lower support: 2995-2980 (50% retracement level + daily Bollinger middle track)
✅Trading strategy:
The current market is in a news vacuum period, and the technical side dominates the market. It is recommended to short at the rebound high and long at the pullback low:
🔰Aggressive strategy: Try shorting with a light position in the rebound area of 3030-3035 in the Asia-Europe session, stop loss above 3043, first target 3005, second target 2990
🔰Conservative strategy: If the price effectively breaks below 2995, short at 3000-2998, stop loss 3010, target 2980-2965
🔰Bull defense: When the price first touches the 2978-2982 area, you can arrange a rebound long order, stop loss below 2970, target 3000-3015.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
✅The daily level failed to break through the previous high for three consecutive trading days, forming a flat top pattern. If it effectively falls below the 3000-2999 support band at the beginning of next week, it will confirm the embryonic form of the head and shoulders top, and the theoretical measurement target points to the 2950-2930 area.
🔴Upper resistance: 3030-3040 (hourly MA50 + previous high pressure zone)
🟠Bull-bear watershed: 3000 integer mark (psychological support + Fibonacci 38.2% retracement level)
🟢Lower support: 2995-2980 (50% retracement level + daily Bollinger middle track)
✅Trading strategy:
The current market is in a news vacuum period, and the technical side dominates the market. It is recommended to short at the rebound high and long at the pullback low:
🔰Aggressive strategy: Try shorting with a light position in the rebound area of 3030-3035 in the Asia-Europe session, stop loss above 3043, first target 3005, second target 2990
🔰Conservative strategy: If the price effectively breaks below 2995, short at 3000-2998, stop loss 3010, target 2980-2965
🔰Bull defense: When the price first touches the 2978-2982 area, you can arrange a rebound long order, stop loss below 2970, target 3000-3015.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
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.