This week, gold has gone through a big cycle of long and short positions. On Monday, it dropped sharply to 2880 from above 2920, and then reversed and rose sharply on Tuesday. Yesterday, gold relied on the 2910-08 area and the US CPI data to complete the bottoming out and rebound. In the evening, it broke through the key resistance level of 2930 and stretched to the 2940 line. At present, 2945 is the key resistance level that has been tested many times before. However, gold has not been able to effectively break through 2945. At present, the upper resistance can still suppress the gold price, so this position will also be the focus of attention during the European session.
At present, the upward momentum of gold is insufficient, so it is bound to fall back.
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At present, the upward momentum of gold is insufficient, so it is bound to fall back.
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.
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The intraday short-term trend continues to rise, but we still need to pay attention to the trend of rising and falling.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.
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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.