Technical Review:
Technical gold closed strongly on the daily line, and the continuous positive structure broke through the 3350 mark. The New York closing price stood above the MA10-day moving average of 3336, breaking through the middle track of the Bollinger Band at 3348. The price of the short-term four-hour chart extended the high point of the moving average to move up, the Bollinger Band opened upward, and the price was running in the middle and upper track. The hourly moving average opened upward and the Bollinger Band opened upward. Gold fluctuated upward, and intraday trading pulled back to buy at a low price. After the early morning rush, the Asian session came to a sudden brake, rising to 3365 and then falling below 3341. Tonight, the variables on the eve of non-agricultural are relatively large. At present, it is a relatively obvious wide-range oscillation structure. Today, focus on 3330. The ADP data of the next day recorded a negative number of "small non-agricultural" people, which was the largest drop since March 2023, which may further strengthen the expectation of interest rate cuts and benefit spot gold.
Today's analysis:
Gold is still in a rhythm of fluctuating upwards, and the trend is still biased towards buying. The rise is not the top, and gold will continue to be bought to the end. Gold buying is in full swing, and there is hope for further gains!Gold’s 1-hour moving average continues to form a golden cross and the buying arrangement diverges upward. Gold buying still has upward momentum. Gold continues to rise after the Asian session opens to a new high in recent days. So gold is obviously still in a buying trend. Although gold has adjusted during the day, in the short term, gold above 3330 is an opportunity to buy on dips!
Operation ideas:
Short-term gold 3330-3333 buy, stop loss 3322, target 3360-3380;
Short-term gold 3363-3366 sell, stop loss 3375, target 3330-3310;
Key points:
First support level: 3332, second support level: 332, third support level: 3308
First resistance level: 3366, second resistance level: 3378, third resistance level: 3387
Technical gold closed strongly on the daily line, and the continuous positive structure broke through the 3350 mark. The New York closing price stood above the MA10-day moving average of 3336, breaking through the middle track of the Bollinger Band at 3348. The price of the short-term four-hour chart extended the high point of the moving average to move up, the Bollinger Band opened upward, and the price was running in the middle and upper track. The hourly moving average opened upward and the Bollinger Band opened upward. Gold fluctuated upward, and intraday trading pulled back to buy at a low price. After the early morning rush, the Asian session came to a sudden brake, rising to 3365 and then falling below 3341. Tonight, the variables on the eve of non-agricultural are relatively large. At present, it is a relatively obvious wide-range oscillation structure. Today, focus on 3330. The ADP data of the next day recorded a negative number of "small non-agricultural" people, which was the largest drop since March 2023, which may further strengthen the expectation of interest rate cuts and benefit spot gold.
Today's analysis:
Gold is still in a rhythm of fluctuating upwards, and the trend is still biased towards buying. The rise is not the top, and gold will continue to be bought to the end. Gold buying is in full swing, and there is hope for further gains!Gold’s 1-hour moving average continues to form a golden cross and the buying arrangement diverges upward. Gold buying still has upward momentum. Gold continues to rise after the Asian session opens to a new high in recent days. So gold is obviously still in a buying trend. Although gold has adjusted during the day, in the short term, gold above 3330 is an opportunity to buy on dips!
Operation ideas:
Short-term gold 3330-3333 buy, stop loss 3322, target 3360-3380;
Short-term gold 3363-3366 sell, stop loss 3375, target 3330-3310;
Key points:
First support level: 3332, second support level: 332, third support level: 3308
First resistance level: 3366, second resistance level: 3378, third resistance level: 3387
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.