I just seized the opportunity to go long on gold near 4528, perfectly hitting my expected target of 4565. After bottoming out and rebounding, gold is currently trapped in a narrow range again. Although the downward momentum has slowed somewhat, the resistance above is becoming increasingly strong due to repeated pressure and pullbacks. As the center of gravity of gold continues to shift downward, the current short-term resistance has moved down to the 4585-4605 area, followed by the 4640-4660 area.
From the current technical structure, after breaking below 4560 today, the short-term inverted head and shoulders pattern has been broken, indicating that the bearish momentum may not have fully dissipated, and gold may continue to retrace. In addition, the recent strength of the US dollar has put downward pressure on gold, making it unlikely that gold will have a bright performance in the short term. However, our primary focus right now is on the support zone of 4510-4490. Only if this support zone is broken can further downside potential be unlocked.
Short-term technical support levels: 4510-4490 / 4405-4385
Short-term technical resistance levels: 4585-4605 / 4640-4660
Therefore, in short-term trading, if gold first rebounds to the 4585-4605 area, I might consider shorting gold; if gold subsequently touches the 4510-4490 area for the first time during a pullback, I will consider going long on gold.
From the current technical structure, after breaking below 4560 today, the short-term inverted head and shoulders pattern has been broken, indicating that the bearish momentum may not have fully dissipated, and gold may continue to retrace. In addition, the recent strength of the US dollar has put downward pressure on gold, making it unlikely that gold will have a bright performance in the short term. However, our primary focus right now is on the support zone of 4510-4490. Only if this support zone is broken can further downside potential be unlocked.
Short-term technical support levels: 4510-4490 / 4405-4385
Short-term technical resistance levels: 4585-4605 / 4640-4660
Therefore, in short-term trading, if gold first rebounds to the 4585-4605 area, I might consider shorting gold; if gold subsequently touches the 4510-4490 area for the first time during a pullback, I will consider going long on gold.
การซื้อขายยังคงดำเนินอยู่
Gold retreated to the 4510-4490 area as expected. Although the downward momentum of gold suddenly increased, as long as it does not break through this area effectively, gold may still rebound to the 4530-4550 area. Therefore, I believe it is necessary for us to try buying gold in this area now.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน