📊From the perspective of multi-period technical graphics, the overall trend of gold is still in structural adjustment, but the long-term trend remains bullish, and attention should be paid to the gains and losses of key support and resistance areas.
📊From the 4-hour chart, the short-term gold price fell below 3248 and then rebounded quickly, forming a pattern of stopping the decline and rebounding during the day; if the 5-day moving average is about to cross the 10-day moving average (golden cross), the 3240 line will form a short-term support.
📊At present, the price of gold continues to fluctuate in a range above 3215. The momentum of short positions has weakened, and there are signs of a periodic stop of decline. If the closing price breaks through and stands firm above 3248 during the day, it will further enhance the short-term bullish momentum; and if the one-hour level in the evening breaks above the 3265-3270 area, the short-selling structure will be destroyed, and the market is likely to complete the bottom construction and turn into a band-level upward trend.
🟢Support level:
🔸3215–3225: short-term shock consolidation range, if it stabilizes effectively, short-term bulls still have opportunities.
🔸3200: annual line support and medium-term key watershed, is an important reference for judging whether to continue the shock rebound.
🔸Breaking below 3200: If it is accidentally lost, it will further open up the downward space, and the target may point to the 3160–3150 area.
🟢Resistance level:
🔹3270: the first resistance level of short-term rebound, which will open up further rebound space after standing above it.
🔹3290–3300: It is the area where the previous high point of the big negative line and the Bollinger middle track overlap, which is the key resistance to determine whether the rebound will evolve into a trend reversal.
🔹If it effectively breaks through and stands firm at 3300, it will be regarded as the end of the phased correction, and a new round of trend rise may begin.
✅Intraday trading strategy
🔰Gold Sell: 3270-3275, Stop Loss: 5-8$
Target: 3250-3240, if it breaks, look to 3230
🔰Gold Buy: 3225-3230, Stop Loss: 5-8$
Target: 3250-3270, if it breaks, look to 3290
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
📊From the 4-hour chart, the short-term gold price fell below 3248 and then rebounded quickly, forming a pattern of stopping the decline and rebounding during the day; if the 5-day moving average is about to cross the 10-day moving average (golden cross), the 3240 line will form a short-term support.
📊At present, the price of gold continues to fluctuate in a range above 3215. The momentum of short positions has weakened, and there are signs of a periodic stop of decline. If the closing price breaks through and stands firm above 3248 during the day, it will further enhance the short-term bullish momentum; and if the one-hour level in the evening breaks above the 3265-3270 area, the short-selling structure will be destroyed, and the market is likely to complete the bottom construction and turn into a band-level upward trend.
🟢Support level:
🔸3215–3225: short-term shock consolidation range, if it stabilizes effectively, short-term bulls still have opportunities.
🔸3200: annual line support and medium-term key watershed, is an important reference for judging whether to continue the shock rebound.
🔸Breaking below 3200: If it is accidentally lost, it will further open up the downward space, and the target may point to the 3160–3150 area.
🟢Resistance level:
🔹3270: the first resistance level of short-term rebound, which will open up further rebound space after standing above it.
🔹3290–3300: It is the area where the previous high point of the big negative line and the Bollinger middle track overlap, which is the key resistance to determine whether the rebound will evolve into a trend reversal.
🔹If it effectively breaks through and stands firm at 3300, it will be regarded as the end of the phased correction, and a new round of trend rise may begin.
✅Intraday trading strategy
🔰Gold Sell: 3270-3275, Stop Loss: 5-8$
Target: 3250-3240, if it breaks, look to 3230
🔰Gold Buy: 3225-3230, Stop Loss: 5-8$
Target: 3250-3270, if it breaks, look to 3290
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
🔴𝐁𝐞𝐬𝐭 𝐆𝐨𝐥𝐝 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐥𝐮𝐛🟢
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉t.me/+hqE6AzjASrwyYTk9
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉t.me/+hqE6AzjASrwyYTk9
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.
🔴𝐁𝐞𝐬𝐭 𝐆𝐨𝐥𝐝 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐥𝐮𝐛🟢
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉t.me/+hqE6AzjASrwyYTk9
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
👉t.me/+hqE6AzjASrwyYTk9
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.