The market opened higher on Monday but then fell, with gold prices surging during the Asian and European sessions due to heightened safe-haven demand in the Middle East and escalating tariffs. In the US session, gold broke through the $5200 level, reaching a high of around $5237.
On Tuesday, after a slight continuation of the upward trend, prices quickly retreated, hitting a low below $5100, indicating resistance at higher levels and significantly increased divergence between bulls and bears.
On the daily chart, although gold prices retraced, they remain above the medium-term moving average, maintaining the bullish trend. However, the RSI indicator has fallen from overbought territory, entering a technical correction phase, suggesting a short-term need for consolidation. On the 4-hour chart, the Bollinger Bands are gradually narrowing, with prices falling from the upper band to near the middle band. Key support remains at the $5100 level; a break below this level could lead to a move towards $5000.
Currently, the focus is on the early consolidation range of 5170-5185. When the price rebounds and touches this area for the first time, short positions can be initiated in batches with a small position size, targeting the 5150-5100 range. If the price falls below 5100, the position can be held.I will post more strategies in the channel.
On Tuesday, after a slight continuation of the upward trend, prices quickly retreated, hitting a low below $5100, indicating resistance at higher levels and significantly increased divergence between bulls and bears.
On the daily chart, although gold prices retraced, they remain above the medium-term moving average, maintaining the bullish trend. However, the RSI indicator has fallen from overbought territory, entering a technical correction phase, suggesting a short-term need for consolidation. On the 4-hour chart, the Bollinger Bands are gradually narrowing, with prices falling from the upper band to near the middle band. Key support remains at the $5100 level; a break below this level could lead to a move towards $5000.
Currently, the focus is on the early consolidation range of 5170-5185. When the price rebounds and touches this area for the first time, short positions can be initiated in batches with a small position size, targeting the 5150-5100 range. If the price falls below 5100, the position can be held.I will post more strategies in the channel.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน