Gold extended its strong bullish trend today, breaking through the key level of 5200 intraday and hitting a new all-time high. The price has been trading in a pattern of consolidating at highs following a strong breakout, while the risk of a technical pullback driven by short-term overbought conditions warrants close attention.
Support Levels:
Core Support: 5200 (polarity level, the intraday bull-bear pivot);
Secondary Support: 5180-5190 (5-day MA and intraday average price zone, the key stabilization zone for pullbacks);
Defensive Support: 5150 (intraday pullback low, a break below this level will amplify market volatility).
Resistance Levels:
Intraday Strong Resistance: 5265-5270 (near today's all-time high, with concentrated short-term selling pressure);
Follow-up Target: 5300 (a key round number, serving as dual psychological and technical resistance, the ultimate target for swing long positions).
Trading Strategy:
Buy 5200 - 5210
SL 5190
TP 5250 - 5260 - 5270
The primary trading approach for today is to buy the dips. If gold retreats after facing resistance near 5265 and breaks below 5200, initiate short positions with light volume, place a stop loss above 5210 (to guard against false breakouts), with profit targets at 5190-5180. Take profits promptly upon hitting the targets and avoid holding short positions against the dominant trend.
Support Levels:
Core Support: 5200 (polarity level, the intraday bull-bear pivot);
Secondary Support: 5180-5190 (5-day MA and intraday average price zone, the key stabilization zone for pullbacks);
Defensive Support: 5150 (intraday pullback low, a break below this level will amplify market volatility).
Resistance Levels:
Intraday Strong Resistance: 5265-5270 (near today's all-time high, with concentrated short-term selling pressure);
Follow-up Target: 5300 (a key round number, serving as dual psychological and technical resistance, the ultimate target for swing long positions).
Trading Strategy:
Buy 5200 - 5210
SL 5190
TP 5250 - 5260 - 5270
The primary trading approach for today is to buy the dips. If gold retreats after facing resistance near 5265 and breaks below 5200, initiate short positions with light volume, place a stop loss above 5210 (to guard against false breakouts), with profit targets at 5190-5180. Take profits promptly upon hitting the targets and avoid holding short positions against the dominant trend.
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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.