From a technical perspective, gold encountered double top suppression at the 3245 line, and the price showed a fluctuating downward trend. The 4-hour moving average system began to weaken, and the hourly arc top pattern suggested short-term adjustment needs. However, the US dollar market is brewing a counterattack. If the joint intervention of the United States and Japan in the foreign exchange market triggers a turning point, gold and silver may reappear in violent fluctuations. Everyone needs to be alert to the resonance effect of policy mutations and the trend of the US dollar. At present, the upper resistance is at 3227-3233, and the lower support is at 3193-3188. The late trading operation is recommended to rebound shorting as the main, and callback long as the auxiliary.
Operation strategy 1: It is recommended to rebound 3215-3220 short, stop loss 3229, and the target is 3190-3175.
Operation strategy 2: It is recommended to pull back 3155-3150 long, stop loss 3142, and the target is 3190-3200 and break 3240.
Operation strategy 1: It is recommended to rebound 3215-3220 short, stop loss 3229, and the target is 3190-3175.
Operation strategy 2: It is recommended to pull back 3155-3150 long, stop loss 3142, and the target is 3190-3200 and break 3240.
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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.