Yesterday, our gold trading strategy was to short at higher levels. The price rebounded to a high of 5238 and fell to a low of 5160, currently trading at 5175.
Gold has moved from a struggle around 5100 to a struggle around 5200. Although it remains in a consolidation phase overall, the technical pattern shows signs of maintaining an upward trend as both the highs and lows rise.
On the fundamental side, the US dollar index has retreated, gold ETFs have recently seen increased holdings, and crude oil has fallen sharply from a high of 120 to around 76, a correction of over 40%. This suggests that the risk of conflict between the US and Iran is gradually easing, and the weakening dollar provides good short-term support for gold.
Today, if a support level is found, we favor gradually establishing long positions, targeting the 5200-5230 range.
The 5160 level has been tested multiple times recently without breaking down, indicating strong support at this level. If gold has the opportunity to retest 5160 today, it will be a good short-term buying opportunity.
Gold has moved from a struggle around 5100 to a struggle around 5200. Although it remains in a consolidation phase overall, the technical pattern shows signs of maintaining an upward trend as both the highs and lows rise.
On the fundamental side, the US dollar index has retreated, gold ETFs have recently seen increased holdings, and crude oil has fallen sharply from a high of 120 to around 76, a correction of over 40%. This suggests that the risk of conflict between the US and Iran is gradually easing, and the weakening dollar provides good short-term support for gold.
Today, if a support level is found, we favor gradually establishing long positions, targeting the 5200-5230 range.
The 5160 level has been tested multiple times recently without breaking down, indicating strong support at this level. If gold has the opportunity to retest 5160 today, it will be a good short-term buying opportunity.
Giao dịch đang hoạt động
As expected, gold rebounded after testing the support zone of 5150-5160, reaching 5188.Đóng lệnh: đạt mục tiêu
Gold just tested the 5150-5160 support zone again and rebounded from there, proving our analysis was correct; the 5150-5160 area does indeed provide strong support.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.