Gold prices rebounded yesterday on news-driven momentum, breaking through the $4500 mark. The 15-minute chart shows it has stabilized above $4500, but to continue the rebound, it will inevitably test lower support levels.
Currently, effective support lies in the $4500-$4400 area. Only if this level holds during the day's pullback can the rebound continue; otherwise, there is a possibility of further declines.
Chasing the rally in the current market is not advisable. Although yesterday's price action was driven by news, the upward momentum weakened, indicating that the bulls are still under pressure.
Today, we can first short, then wait for a pullback to support and then decide whether to go long at the support level.
The trading strategy is as follows: Short in the $4600-$4560 range, with initial targets at $4500, followed by $4440.
Currently, effective support lies in the $4500-$4400 area. Only if this level holds during the day's pullback can the rebound continue; otherwise, there is a possibility of further declines.
Chasing the rally in the current market is not advisable. Although yesterday's price action was driven by news, the upward momentum weakened, indicating that the bulls are still under pressure.
Today, we can first short, then wait for a pullback to support and then decide whether to go long at the support level.
The trading strategy is as follows: Short in the $4600-$4560 range, with initial targets at $4500, followed by $4440.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.