Gold showed a fluctuating upward trend today, successfully standing firm above the critical 4200 level, with strong bullish momentum. Supported by multiple positive factors, there remains room for further upside, though potential volatility risks should be guarded against.
From the daily chart structure, Gold has steadily broken through the key integer level of 4200 and successfully stood above the 61.8% Fibonacci retracement level of the recent pullback range, presenting a favorable technical pattern. On the indicator front, both RSI and MACD remain in positive territory, indicating sufficient short-term upward momentum.
Key support levels below are concentrated around 4180 and 4100. If these critical levels can be held, the subsequent upward trend is expected to continue; a breakdown below them may trigger technical selling, dragging gold prices toward 4075 or even the psychological threshold of 4000.
If gold can continue to hold firmly above 4200, the next target range is expected to be 4250, with further potential to test 4300.
Trading Strategy:
Buy 4170 - 4180
SL 4160
TP 4210 - 4220 - 4230
Sell 4230 - 4240
SL 4250
TP 4210 - 4220 - 4190
From the daily chart structure, Gold has steadily broken through the key integer level of 4200 and successfully stood above the 61.8% Fibonacci retracement level of the recent pullback range, presenting a favorable technical pattern. On the indicator front, both RSI and MACD remain in positive territory, indicating sufficient short-term upward momentum.
Key support levels below are concentrated around 4180 and 4100. If these critical levels can be held, the subsequent upward trend is expected to continue; a breakdown below them may trigger technical selling, dragging gold prices toward 4075 or even the psychological threshold of 4000.
If gold can continue to hold firmly above 4200, the next target range is expected to be 4250, with further potential to test 4300.
Trading Strategy:
Buy 4170 - 4180
SL 4160
TP 4210 - 4220 - 4230
Sell 4230 - 4240
SL 4250
TP 4210 - 4220 - 4190
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.