Gold fell back to 3229 yesterday and stopped climbing. After breaking the integer mark of 3300 in the European session, the US session accelerated its rise. The daily line reached 3343 at its highest. The daily line finally closed at 3342 with a basically saturated big positive line. The current market trend is strong. The upward trend continued on Wednesday without a correction. The intraday increase reached 110 points again, which is exactly the same as the trend of last Wednesday. The hourly line basically maintains an upward trend. It can only be said that if the strong market retreats more than 20 points, it will inevitably continue its increase. Before there is no particularly obvious sign of a sharp decline, going long has become the only choice, and it is also the best and safest choice. The current support is the top and bottom conversion around 3320-3305. If these positions are not broken, you can go long.
Overall, today's short-term operation strategy is mainly to go long on pullbacks, supplemented by shorting on rebounds. The short-term focus on the upper side is 3370-3380 resistance, and the short-term focus on the lower side is 3330-3320 support.
Operation strategy: Range buy: 3320--3325 SL:3310
TP: 3335---3340
Overall, today's short-term operation strategy is mainly to go long on pullbacks, supplemented by shorting on rebounds. The short-term focus on the upper side is 3370-3380 resistance, and the short-term focus on the lower side is 3330-3320 support.
Operation strategy: Range buy: 3320--3325 SL:3310
TP: 3335---3340
Trade active
The lowest price fell to 3325, and now it has risen by 60pips. You can close part of the profit and set BE. The market situation is changing. You can pay attention to the update on what to do next.Note
News: In early Asian trading on Thursday, spot gold prices once soared to $3,357.78, setting a record high. In the European market on Thursday, spot gold suddenly fell sharply in the short term, and the current gold price is around $3,315. Gold prices may see a corrective decline as traders may take profits on gold long positions before the market becomes light during the Good Friday holiday. This trading day will usher in the European Central Bank's interest rate decision, and the market generally expects a 25 basis point drop; in addition, the changes in the number of initial jobless claims in the United States, the initial value of the annualized total number of building permits in the United States in March, and the annualized total number of new housing starts in the United States in March will also be released, and investors need to pay attention.Technical aspect: From the daily chart, gold closed with a long shadow line, and currently has three consecutive negative lines in the 4-hour period. It is currently under pressure below the resistance of the 5-day moving average of 3,335, which is also an important watershed for the long-short game in the evening. The hourly chart Bollinger Bands closed downward, proving that the short-selling force is relatively large! The resistance level to be focused on in the evening is 3335-3345-3357, and the support level is 3297-3286-3275! Personal prediction: mainly one-way downward. GOLD watershed: 3335 US dollars!
Operation strategy: Sell in the range: 3325--3330 SL: 3335
TP: 3310--3300
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✅Daily analysis and strategies
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
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.