The trend of gold at the hourly level shows a clear downward channel, and the market sentiment tends to be weak. Combined with the weak performance of the European session and the possible second decline space of the US session, the following is a more detailed strategy planning and key point analysis: 1. Current technical analysis Downward channel: The gold...
Gold has recently formed a head and shoulders top reversal pattern at a high level, and successfully formed a reversal and decline. The market's upward momentum began to weaken and continued to fall, currently testing the bottom support of the range. Neckline and support level: The key support area is located at $2,880. This support line can also be regarded as...
Gold prices have recently formed a typical head and shoulders top pattern, which usually suggests that prices may fall, especially after breaking through the neckline. Left shoulder, head and right shoulder: The left shoulder, head and right shoulder are marked in the figure. This is a classic head and shoulders top pattern structure. The left shoulder and...
According to the hourly gold price trend, we can see a typical "Head and Shoulders" pattern, as well as the key support and resistance ranges, which provide us with in-depth market trend analysis. First, the chart shows that the gold price fluctuates between several important support and resistance ranges. The current gold price is close to 2,940 USD, which is...