Gold quickly bottomed out and rebounded in early Asian trading. After hitting a low near 3351, it quickly rose and directly broke through last Friday's high, reaching a high near 3386, demonstrating that short-term bullish momentum persists.
From the 4-hour chart, short-term support is expected around 3365-3370. After a price correction, the bullish trend remains bullish. The short-term bullish stronghold is 3360. Until the daily chart breaks below this level, continue buying on pullbacks.
The 1-hour moving average is still diverging in a bullish direction, indicating further upside potential. Several short-term pullbacks to around 3367 have begun to rally. Therefore, it's advisable to continue buying at the 3365 support level with a light position. If gold unexpectedly breaks below 3360 and the rebound proves weak, the short-term trend of gold could weaken.
Trading strategy:
Short around 3395, stop loss at 3405, profit range 3370-3360.
Long around 3365, stop loss at 3355, profit range 3380-3390-3400.
From the 4-hour chart, short-term support is expected around 3365-3370. After a price correction, the bullish trend remains bullish. The short-term bullish stronghold is 3360. Until the daily chart breaks below this level, continue buying on pullbacks.
The 1-hour moving average is still diverging in a bullish direction, indicating further upside potential. Several short-term pullbacks to around 3367 have begun to rally. Therefore, it's advisable to continue buying at the 3365 support level with a light position. If gold unexpectedly breaks below 3360 and the rebound proves weak, the short-term trend of gold could weaken.
Trading strategy:
Short around 3395, stop loss at 3405, profit range 3370-3360.
Long around 3365, stop loss at 3355, profit range 3380-3390-3400.
With accurate market analysis and precise trading signals, I will lead my team to achieve geometrically multiplied profits in the gold market.
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With accurate market analysis and precise trading signals, I will lead my team to achieve geometrically multiplied profits in the gold market.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.