Oro / Dollaro
Long

Double top on hourly chart, beware of callback risk

177
According to the U.S. Treasury Secretary, Trump will interview 3-4 candidates for Federal Reserve Chairman after Thanksgiving, and emphasized that "open mind" is a key condition. But this move seems to be affecting market concerns about the independence of the Federal Reserve, coupled with the ongoing US government shutdown and the trade war between China and the United States. There is still a lot of positive information in the market. Therefore, in the medium and long term, the bullish trend of gold remains unchanged.

However, gold in the U.S. market has continued to fluctuate and wash out. Judging from the hourly chart, there are signs of forming a double top, so we still need to be vigilant about potential callback threats in the evening. Pay attention to the short-term resistance of 4200-4210 on the upside. If gold cannot break through this resistance range, it will fall further and test the support again. Below, watch the 4H MA10 moving average, which also marks the low of the afternoon's pullback near 4164. If this level breaks, gold will test the strong support level of 4140.

Tonight trading will continue to focus on buying on pullbacks, supplemented by shorting on rebounds. Especially those brothers who are not sure about the current market can wait patiently for a pullback to a low level before participating in long transactions. If you want to quickly recover losses or realize profits, you can also contact me for more professional help.

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