Yesterday morning, gold gapped down and continued to decline. It bottomed out near 3207 and rebounded for correction. The fluctuations during the European and American trading sessions were limited, maintaining a narrow trading range. In the US session, it surged to 3248 and then declined. Although it didn't reach a new low, the sideways movement is not a signal of a trend reversal.
This morning, the gold price first dropped and then rebounded to above 3230 and traded sideways. For today's operation, it is recommended to adopt a bearish strategy. The key resistance level is at 3260. If it breaks through this level, the bullish trend may resume. The support level is at 3200, and it is expected that the gold price will trade sideways within this range in the short term.
Technically, the hourly chart shows a sideways movement at a low level with alternating positive and negative K-lines. On the daily chart, the price has broken below the moving average system and the middle band of the Bollinger Bands, indicating a bearish trend for gold in the short term. The operation strategy is as follows: Short when the price rebounds to the range of 3250-3255, with the target price at 3220-3210 and the stop-loss set at 3260. If the market strengthens during the European session, take profits before the US session.
XAUUSD
sell:3250-3255
tp:3220-3200
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
This morning, the gold price first dropped and then rebounded to above 3230 and traded sideways. For today's operation, it is recommended to adopt a bearish strategy. The key resistance level is at 3260. If it breaks through this level, the bullish trend may resume. The support level is at 3200, and it is expected that the gold price will trade sideways within this range in the short term.
Technically, the hourly chart shows a sideways movement at a low level with alternating positive and negative K-lines. On the daily chart, the price has broken below the moving average system and the middle band of the Bollinger Bands, indicating a bearish trend for gold in the short term. The operation strategy is as follows: Short when the price rebounds to the range of 3250-3255, with the target price at 3220-3210 and the stop-loss set at 3260. If the market strengthens during the European session, take profits before the US session.
XAUUSD
sell:3250-3255
tp:3220-3200
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
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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.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+tI1juADoiflkM2U0
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.