Last week, gold was blocked at the previous high, and it plummeted for three consecutive days from Wednesday, falling by more than $100. Now gold is close to the 4h support area, and there is a rebound. If it falls directly at the opening tomorrow, then 3310-15 can be long, and the rebound will at least see the 3340 area. If the gold selling is too heavy and falls directly below the 3310 area, then we can chase - areas for tp 3280 3250 are next targets.
1h gold has support near 3335 and 3315. I think that because gold fell too much on Friday, it is not easy to chase the decline before falling below 3310.
Wait patiently for the pressure area of 3360-80 above and observe.
The decline on the 4h/daily lines is very strong. Look at the trend of 1h on Monday and decide whether to enter the market and go long, if enter long, tp fast. 60-80 very heavy resistance.
1h gold has support near 3335 and 3315. I think that because gold fell too much on Friday, it is not easy to chase the decline before falling below 3310.
Wait patiently for the pressure area of 3360-80 above and observe.
The decline on the 4h/daily lines is very strong. Look at the trend of 1h on Monday and decide whether to enter the market and go long, if enter long, tp fast. 60-80 very heavy resistance.
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.