Analysis of the latest trend of gold prices: 3280-3360Analysis of the latest trend of gold prices: 3280-3360
Gold prices have fluctuated violently recently, with the rise and fall of one day equivalent to the rise and fall of the past few months.
This has greatly increased the difficulty of trading. At the same time, it also magnified the leverage and profit and loss opportunities of the trading account.
As shown in Figure 4h:
The current gold price range fluctuates widely: 3280-3360
The market maintains a triangular oscillation pattern. Gold prices gradually rebounded after the trend line support, and the medium- and long-term bullish trend began to emerge.
Short-term upper key suppression: around 3360
Continued rise further strengthens the bullish signal.
Support level: focus on the 3260-3290-3300 line
If it stands firm, it will look up to the 3350-3360 area;
It is expected that Monday will show a wide range of fluctuations, and the overall range will remain at 3370-3260. After breaking through this position, you can follow up and do more.
Repeated sweeps are still the main theme, and there is no clear direction signal.
The upper pressure level is around 3350-3360. If the rebound continues at the opening of next week, pay attention to this position. If it breaks through, pay attention to 3370-3380.
The lower support level is 3288 and 3260. The operation is mainly based on shocks, and try to participate in band operations near key positions.
Operation suggestions:
Gold is long near 3290
Stop loss: 3280
Target: 3325, 3240!
If the upper 3248 pressure is not broken, you can short in the opposite direction!
