Judging from the current 4-hour chart:
4100 is essentially the current hurdle for gold.
It's also the most important support level today.
Gold opened today in the 4100-4110 range. Although it recently retreated to around 4090, the real-world price still closed above 4110.
If we analyze the trend from last week's low of 3950 to the current 4180 level, we can see that the 618 support level is precisely around 4090.
4090 also happens to be the low point of the recent retracement.
According to wave theory, if the retracement does not exceed 618, new highs are inevitable. If it breaks through 4180 again, the next target may be around 4230.
4100 is essentially the current hurdle for gold.
It's also the most important support level today.
Gold opened today in the 4100-4110 range. Although it recently retreated to around 4090, the real-world price still closed above 4110.
If we analyze the trend from last week's low of 3950 to the current 4180 level, we can see that the 618 support level is precisely around 4090.
4090 also happens to be the low point of the recent retracement.
According to wave theory, if the retracement does not exceed 618, new highs are inevitable. If it breaks through 4180 again, the next target may be around 4230.
Trade attivo
Short-term Trading Strategy:BUY: 4100-4110 Stop Loss: 4090 Target: 4150-60
Trade chiuso: obiettivo raggiunto
Perfect prediction. When gold falls back to 90 points, bulls start to take action. The position currently has a profit of 40 points.Nota
Wait patiently for your seat
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.