From a technical perspective, the bulls' immediate priority is to hold the near-term support at $4675 and attempt to retest the resistance zone of $4722-$4750. If this area is effectively broken and held, gold prices are expected to further test previous highs, opening up new upward potential. Conversely, if $4675 is breached, $4652 will become the next key support level, and the previous lower channel support zone will re-enter traders' attention.
Trading Recommendation: Continue to monitor the selling resistance at $4723-$4747 and the buying support levels at $4670-$4667-$4642.
For silver, $84.70 is a key short-term support level. After stabilizing above this level, the targets are $86.00 and $87.26 respectively. The first resistance level to watch is $85.80, with a further break above that targeting $87.26. It is worth noting that the gold-silver ratio is still at a historically high level, close to 60 times. Historically, this level means that silver has significant room for appreciation relative to gold, and its medium- to long-term investment value should not be ignored.
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Trading Recommendation: Continue to monitor the selling resistance at $4723-$4747 and the buying support levels at $4670-$4667-$4642.
For silver, $84.70 is a key short-term support level. After stabilizing above this level, the targets are $86.00 and $87.26 respectively. The first resistance level to watch is $85.80, with a further break above that targeting $87.26. It is worth noting that the gold-silver ratio is still at a historically high level, close to 60 times. Historically, this level means that silver has significant room for appreciation relative to gold, and its medium- to long-term investment value should not be ignored.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.