Today, gold retraced its lowest to 2859 and then started to rebound. Gold is currently trading around 2870. Are gold bulls back?
After opening in the morning, it showed a volatile upward pattern. As far as the current trend of gold is concerned, although gold continues to rebound, this rebound is not strong and can only be regarded as a technical repair. From the hourly chart, the short-term resistance above is suppressed in the 2880-2890 area. When the price touches this area, we can consider shorting gold in a timely manner. The target area below is the 2865-2855 area.
Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, make stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
After opening in the morning, it showed a volatile upward pattern. As far as the current trend of gold is concerned, although gold continues to rebound, this rebound is not strong and can only be regarded as a technical repair. From the hourly chart, the short-term resistance above is suppressed in the 2880-2890 area. When the price touches this area, we can consider shorting gold in a timely manner. The target area below is the 2865-2855 area.
Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, make stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
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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.