Gold is fluctuating at a high level. At present, the price of gold is still firmly supported above the moving average. If it does not fall for a long time, it will definitely rise! The current price is 2160 and more orders can be entered directly, and we will continue to be optimistic about breaking the historical high during the day!
Looking at the market, the current upper resistance level first refers to the high point of 2164, but the short-term pressure level above is quite small. I think the gold price will definitely break through this level again within the day, while the lower support faces the moving average support of 2156 and the previous inflection point support level of 2148. The price of gold will continue to maintain this volatile upward pattern before major changes occur. If you step back on the support level, be bold and go long!
Looking at the market, the current upper resistance level first refers to the high point of 2164, but the short-term pressure level above is quite small. I think the gold price will definitely break through this level again within the day, while the lower support faces the moving average support of 2156 and the previous inflection point support level of 2148. The price of gold will continue to maintain this volatile upward pattern before major changes occur. If you step back on the support level, be bold and go long!
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Today's performance was good, the profit reached 200%, and now the position can be closed with profit, because there is not much room to continue to rise.
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We'll continue next week, wish you all a happy weekend
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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.