The current global capital market is showing a volatile upward pattern. The current market trend that started at 2832 points has formed a clear upward channel, but it faces a game of key resistance levels in the short term. Judging from the 4-hour chart, the previous upward trend line has been broken. I think the overall trend will be short-selling. The current pressure level of 2940 is not only the 61.8% Fibonacci retracement level of the previous decline, but also a strategic place for long and short competition. If it fails to effectively break through and stand firm, the market may undergo technical adjustments. Support level 2920: This position has multiple meanings. It is not only the previous high pressure turning support, but also the lower track of the recent trend channel and the key point of Fibonacci retracement. Therefore, in the next short-term trading, if gold fails to break through the key resistance point of 2940, it may fall back to the 2920 line.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Trade active
Brothers, gold is still beginning to show technical adjustments as we expected. We look forward to gold falling back to the 2920-2910 support area and bringing us huge profits.Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always believe that profit is the standard for measuring strength and seizing opportunities is the key to winning. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.