Gold continued to close with a weak short position, and the daily line fell sharply. Today, gold rebounded and continued to short. There is still room and demand for further decline. The price fell to the trend line of 2556. Pay attention to the top and bottom conversion position of 2530 below.
Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short.
First support: 2555, second support: 2542, third support: 2530
First resistance: 2570, second resistance: 2580, third resistance: 2591
Trading strategy:
BUY: 2551-2553
SELL: 2580-2582
Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short.
First support: 2555, second support: 2542, third support: 2530
First resistance: 2570, second resistance: 2580, third resistance: 2591
Trading strategy:
BUY: 2551-2553
SELL: 2580-2582
Trade active
The signal has made a profit of 50~70pips. How much profit you make is up to you.Note
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Disclaimer
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.