Gold breaks 2400 today
Gold broke through multiple levels yesterday and Wednesday, 2360-2365, 2380-2385, and is currently hovering at the 2400 resistance.
From the current point of view, the upward trend of gold should not be over yet, so here we still have to be wary of the possibility that gold will continue to rise.
Judging from the current 4-hour chart:
At present, gold's first support position is near 2380. 2380 is actually near yesterday's suppression point. After breaking through 2380, this position will obviously become a support position.
Therefore, we still cannot go short rashly here. If it pulls back to around 2380 and stabilizes again, there is a high probability that it will rise again, and there is a high probability of directly breaking through 2400.
Therefore, for the next operation, I suggest that you pay attention to the support position near 2380. If it can pull back to this price, you can enter the market to buy and look towards the high point near 2400.
