Gold continues to surge
From the technical indicators, the daily line has deviated too far from the 100-day moving average, and a deep correction is needed to repair it. The four-hour cycle also shows a divergence signal, forming a double-top structure of the indicator. Therefore, above 3000, we must be careful of a large retracement and decline.
For gold today, the high sideways trading in the morning directly stood on 3000, reaching a high of 3015. Then the afternoon retracement can be seen as a second rise. Focus on the 3005 first-line support, and the upper pressure is 3020-3030!
For gold today, the high sideways trading in the morning directly stood on 3000, reaching a high of 3015. Then the afternoon retracement can be seen as a second rise. Focus on the 3005 first-line support, and the upper pressure is 3020-3030!
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t.me/+WYSalPEhDtljZDNk
100% accurate trading signals
Free trading strategies
100% accurate trading signals
Free trading strategies
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.