Gold breaks through the upward channel
Gold ended its narrow adjustment trend in the Asian session after the opening of the European session today. The price continued to weaken in the short term. After a brief battle between long and short positions at 2625 in the US session, the price finally broke through the channel, announcing that the bears dominated the market.
It is expected that the market will enter an adjustment phase after short-term heavy volume weakening. The 2610 first-line support is at the bottom, and the 2625 first-line resistance is at the top.
Overall, gold's trend today is also in line with high-altitude trading expectations. Continue to short under the pressure of 2625 to be adjusted later.
🔷Join my telegram channel for free
t.me/+tU_47UhRKa4yMmRh
✔️Real-time analysis of foreign exchange, gold, and Bitcoin
✔️Professional analysis layout
✔️Real-time trading guidance
t.me/+tU_47UhRKa4yMmRh
✔️Real-time analysis of foreign exchange, gold, and Bitcoin
✔️Professional analysis layout
✔️Real-time trading guidance
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.
🔷Join my telegram channel for free
t.me/+tU_47UhRKa4yMmRh
✔️Real-time analysis of foreign exchange, gold, and Bitcoin
✔️Professional analysis layout
✔️Real-time trading guidance
t.me/+tU_47UhRKa4yMmRh
✔️Real-time analysis of foreign exchange, gold, and Bitcoin
✔️Professional analysis layout
✔️Real-time trading guidance
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.