✅Gold has been oscillating in the current range for two days. The price of gold is currently in a triangle oscillation structure. The resistance in the upper range is 2633, and there is trend line support below. The price has been running around this range. As the oscillation continues, a breakthrough is inevitable. If the 2633 breakthrough is successful, gold will restart its upward trend.
✅From the 4-hour chart, the price has broken through the downward trend line and entered a horizontal consolidation stage in the short term, but it has not completely left the oscillation range and is expected to fluctuate repeatedly. However, it can be confirmed that the longer the oscillation lasts, the greater the upward potential. The hourly chart also shows the operating status between the upper and lower lines. The price encountered resistance and fell back at 2633, making an obvious roundabout adjustment. Therefore, the upward trend of shock in the short term still holds.
✅The current key lies in whether the 2633 high point can be broken. Therefore, the operation on this trading day needs to take the break of 2633 as a signal for bulls to increase volume. Before that, although the overall idea is still bullish, it is necessary to pay attention to the performance of key resistance and support levels. After the 2633 resistance level is broken, bulls are expected to rise further to the 2645-2650 line
🔴Upper resistance: focus on the 2645-2650 area.
🟢Lower support: focus on the 2610-2615 area.
✅Intraday trading strategy:
🔶GOLD BUY: 2615-2618
🔰TP1: 2630
🔰TP2: 2635
🔰TP3: 2640 OPEN
🔶GOLD SELL: 2645-2648
🔰TP1: 2635
🔰TP2: 2630
🔰TP3: 2625 OPEN
✅From the 4-hour chart, the price has broken through the downward trend line and entered a horizontal consolidation stage in the short term, but it has not completely left the oscillation range and is expected to fluctuate repeatedly. However, it can be confirmed that the longer the oscillation lasts, the greater the upward potential. The hourly chart also shows the operating status between the upper and lower lines. The price encountered resistance and fell back at 2633, making an obvious roundabout adjustment. Therefore, the upward trend of shock in the short term still holds.
✅The current key lies in whether the 2633 high point can be broken. Therefore, the operation on this trading day needs to take the break of 2633 as a signal for bulls to increase volume. Before that, although the overall idea is still bullish, it is necessary to pay attention to the performance of key resistance and support levels. After the 2633 resistance level is broken, bulls are expected to rise further to the 2645-2650 line
🔴Upper resistance: focus on the 2645-2650 area.
🟢Lower support: focus on the 2610-2615 area.
✅Intraday trading strategy:
🔶GOLD BUY: 2615-2618
🔰TP1: 2630
🔰TP2: 2635
🔰TP3: 2640 OPEN
🔶GOLD SELL: 2645-2648
🔰TP1: 2635
🔰TP2: 2630
🔰TP3: 2625 OPEN
Trade active
🔶GOLD BUY @ 2622-2625
⛔️SL 2616
🔰TP 2632-2635
Trade closed: target reached
👏PERFECT!!! GOLD BUY DONE HIT TP2635💯🔥If you are experiencing losses or feel unconfident in your trading, please contact me in time. I will provide you with accurate trading strategies and real-time trading guidance at every critical moment to help you accurately grasp market trends, ensure that your trading is more stable and efficient, and steadily increase your profits.
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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.