Gold prices rebounded yesterday on news-driven momentum, breaking through the $4500 mark. The 15-minute chart shows it has stabilized above $4500, but to continue the rebound, it will inevitably test lower support levels.
Currently, effective support lies in the $4500-$4400 area. Only if this level holds during the day's pullback can the rebound continue; otherwise, there is a possibility of further declines.
Chasing the rally in the current market is not advisable. Although yesterday's price action was driven by news, the upward momentum weakened, indicating that the bulls are still under pressure.
Today, we can first short, then wait for a pullback to support and then decide whether to go long at the support level.
The trading strategy is as follows: Short in the $4600-$4560 range, with initial targets at $4500, followed by $4440.
Currently, effective support lies in the $4500-$4400 area. Only if this level holds during the day's pullback can the rebound continue; otherwise, there is a possibility of further declines.
Chasing the rally in the current market is not advisable. Although yesterday's price action was driven by news, the upward momentum weakened, indicating that the bulls are still under pressure.
Today, we can first short, then wait for a pullback to support and then decide whether to go long at the support level.
The trading strategy is as follows: Short in the $4600-$4560 range, with initial targets at $4500, followed by $4440.
تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.