Gold hit resistance twice today and broke new lows again. Currently, the market is fluctuating at a low level, with resistance levels decreasing and the lows falling. The overall trend remains weak. Previous support at 4047-55 has become resistance. Focus on the downside: last week's lows of 4000-4004. The 4000 level will be the first barrier for bears to break through. Key resistance from above remains around the 4047-55 level we identified earlier.
Technical Analysis:
From the 4-hour market trend, short-term resistance at 4047-55 is currently under pressure. Gold is struggling to break through this resistance. Trading strategies should prioritize shorting on rebounds. In the intermediate range, be cautious and watchful, and wait patiently for key entry points.
Technical Analysis:
From the 4-hour market trend, short-term resistance at 4047-55 is currently under pressure. Gold is struggling to break through this resistance. Trading strategies should prioritize shorting on rebounds. In the intermediate range, be cautious and watchful, and wait patiently for key entry points.
Transaction en cours
Short-term Trading Strategy1. Short gold on a rebound near 4047-4055, stop loss at 4068, target 4000-04, hold if breakout.
2. Long gold on a dip near 3980-70, stop loss at 3965-62, target 4000-4110, hold if breakout.
Trade fermée: cible de profit atteinte
Gold fell back to the 70 support level and began to stabilize. We also implemented our long position here. The current profit is 200 points.Note
4000 target has been achieved with a profit of 20 points
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.