Gold exhibited a fluctuating and weakening trend today, with a pullback after a morning rally. It hit a high in the early session before gradually declining, closing slightly lower intraday, as bullish momentum waned in the tug-of-war between long and short positions.
The 4-hour chart shows that the 20-period SMA is around 4150, and this average has moved above both the 100-period and 200-period SMAs, providing a degree of dynamic support for gold prices. This has limited the extent of the intraday pullback, preventing a sharp plunge.
On the daily chart, the 20-day SMA sits at 4076, and current gold prices remain above all major moving averages, with the long-term bullish technical pattern still intact. As long as the support at the 20-day SMA holds, bulls are likely to retain control. A subsequent breakthrough above the 4220 high could see prices advance toward the 4300 level; conversely, a breach below key moving average support may trigger a deeper pullback.
The primary support remains in the 4150-4160 range,holding this zone could avert further pullback, while a break of this short-term support would shift focus to the key 4100 level.
For upward momentum today, a short-term rebound needs to first clear the 4180-4186 range to reignite upward drive. The critical resistance zone to watch is 4211-4215, which marks today’s intraday high and a key level for recent bullish attacks; a breakout here could pave the way for a move toward 4300.
Trading Strategy:
Buy 4150 - 4160
SL 4140
TP 4210 - 4215 - 4220
Sell 4210 - 4220
SL 4230
TP 4190 - 4180 - 4170
Avoid blindly chasing long positions at the high level of 4211-4215, and also refrain from random bottom-fishing near 4150. Wait for the market to give a clear direction before taking action.If no clear breakthrough signal emerges on the day, one may abandon the trade to avoid frequent operations.
The 4-hour chart shows that the 20-period SMA is around 4150, and this average has moved above both the 100-period and 200-period SMAs, providing a degree of dynamic support for gold prices. This has limited the extent of the intraday pullback, preventing a sharp plunge.
On the daily chart, the 20-day SMA sits at 4076, and current gold prices remain above all major moving averages, with the long-term bullish technical pattern still intact. As long as the support at the 20-day SMA holds, bulls are likely to retain control. A subsequent breakthrough above the 4220 high could see prices advance toward the 4300 level; conversely, a breach below key moving average support may trigger a deeper pullback.
The primary support remains in the 4150-4160 range,holding this zone could avert further pullback, while a break of this short-term support would shift focus to the key 4100 level.
For upward momentum today, a short-term rebound needs to first clear the 4180-4186 range to reignite upward drive. The critical resistance zone to watch is 4211-4215, which marks today’s intraday high and a key level for recent bullish attacks; a breakout here could pave the way for a move toward 4300.
Trading Strategy:
Buy 4150 - 4160
SL 4140
TP 4210 - 4215 - 4220
Sell 4210 - 4220
SL 4230
TP 4190 - 4180 - 4170
Avoid blindly chasing long positions at the high level of 4211-4215, and also refrain from random bottom-fishing near 4150. Wait for the market to give a clear direction before taking action.If no clear breakthrough signal emerges on the day, one may abandon the trade to avoid frequent operations.
トレード稼働中
The 4150 level, previously a key support level with top-bottom conversion characteristics, is likely to turn into short-term resistance after being broken. Traders can try shorting with light positions in the 4142-4145 range, with the initial target set at the 4120-4130 range that is the support near the daily Bollinger Band midline.
If the price subsequently breaks below 4120, it could further drop to the key psychological level of 4100.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。