Today's market analysis, signal updateOn Friday, gold rose first and then fell. Although the daily chart of the big cycle is bullish, due to the rapid rise, there has been a small cycle adjustment. In my opinion, the daily chart's oscillating upward movement has not yet ended, but the short-term adjustment and correction has not yet ended, especially in the four-hour period. The price broke through the acceleration line and then suppressed and fell back. Today's rhythm is expected to be corrected first and then fell.
The lowest price of gold fell back to around 2636 and began to rise. It is also the support level of the previous 2639 vertex conversion, but I think the high point of 2665 is not yet able to break through, because there is NFP this week, and the previous market is expected to remain volatile, and the data released before the non-agricultural data is the important factor that dominates the market direction this week! Therefore, in the short term, we should first treat it with a shock idea!
Gold began to build a top structure in 30 minutes, and then gold 30 minutes on Friday rushed up and fell below the 2650 support line. Gold began to weaken, and the 30-minute moving average of gold began to turn downward. If a dead cross is formed downward, then gold will continue to fall. Gold will continue to be short under pressure at 2650 in the Asian session.
First support: 2630, second support: 2623, third support: 2610
First resistance: 2650, second resistance: 2665, third resistance: 2672
Operation ideas:
BUY: 2635-2638
SELL: 2650-2653
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