🔶The current gold price continues the bullish trend. Yesterday, it rose from 2740 to 2775, and the daily line closed with a real positive line, showing strong upward momentum. Today, gold continued its upward momentum and tested the 2800 line resistance. If the price successfully breaks through this point, the upper target will further point to the 2815-2820 area, which is the top position of the current upward channel.
🔶Daily chart: Gold maintains a strong upward trend in the upward channel, and the price rises along the upper track of the channel, showing a stable bullish structure. The daily pattern continues to be strong, and the 2800 line is a short-term key resistance area. If this position is broken, the subsequent upward space is expected to extend to 2815-2820.
🔶4-hour chart: Gold broke through the triangle convergence range and formed a bullish arrangement, and it continues to move upward. However, as the price gradually climbed, the momentum indicator showed that the bullish force was slightly weakened, and the price upward rhythm slowed down.
🔶1-hour chart: The hourly chart shows that after the price rose to 2770, it entered a slow upward trend. The overall structure is still bullish, but there are signs of reduced short-term momentum.
🔶In summary, the overall trend of gold is strong, and the bullish structure remains unchanged. In terms of operation ideas, it is recommended to do more at low levels after the correction, pay attention to the upper resistance of 2800 and the test of the 2815-2820 area, to ensure follow-up and reduce the risk of correction caused by shrinking momentum.
🔴The upper short-term focus is on the 2800-2810 resistance range
🟢The lower short-term focus is on the 2758-2763 support range
🔶Daily chart: Gold maintains a strong upward trend in the upward channel, and the price rises along the upper track of the channel, showing a stable bullish structure. The daily pattern continues to be strong, and the 2800 line is a short-term key resistance area. If this position is broken, the subsequent upward space is expected to extend to 2815-2820.
🔶4-hour chart: Gold broke through the triangle convergence range and formed a bullish arrangement, and it continues to move upward. However, as the price gradually climbed, the momentum indicator showed that the bullish force was slightly weakened, and the price upward rhythm slowed down.
🔶1-hour chart: The hourly chart shows that after the price rose to 2770, it entered a slow upward trend. The overall structure is still bullish, but there are signs of reduced short-term momentum.
🔶In summary, the overall trend of gold is strong, and the bullish structure remains unchanged. In terms of operation ideas, it is recommended to do more at low levels after the correction, pay attention to the upper resistance of 2800 and the test of the 2815-2820 area, to ensure follow-up and reduce the risk of correction caused by shrinking momentum.
🔴The upper short-term focus is on the 2800-2810 resistance range
🟢The lower short-term focus is on the 2758-2763 support range
Trade active
Gold surged higher and fell back in the short term, testing the rising triangle support pullback below. Short-term convergence adjustment focuses on the 2783 line above. If this position breaks, it is expected to rise again to 2790 in the short term.
Trade active
Gold broke 2783 in the short term, and after stabilizing at 2785, it will test 2790. We have notified members in advance to arrange long orders near 2780, and the short-term trend is consistent with expectations. Looking up, wait for the target to be reached✌️
Trade active
Gold fell back for the second time in the short term and has broken the support of the oscillating upward trend line. The support of 2780, the center of the 1H upward channel, is tested below. In the short-term thinking, we can pay attention to the strength of the decline and correction. If it remains under the suppression of the center, it will be an opportunity to intervene in short orders. The area of 2771-2768 can be paid attention to below.
Trade active
The current gold price has pulled back after testing the 1-hour channel support and is currently in a narrow horizontal range. The top is testing the first-line resistance of 2783. If this position rises and then falls again, it may return to a narrow range. At that time, we can participate in the short-term short position layout. Short-term resistance 2783-2780. Short-term support 2771-2768.
⚠️The trend of the gold market may change rapidly, and the trading strategy may be adjusted in real time. Investors are advised to place orders carefully and manage account funds and position reasonably. If you have no sufficient confidence in the transaction, you can contact me at any time, and I will be patient with a professional perspective to provide you with guidance, and strive to help you achieve long -term and stable benefits.
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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.