✅Gold opened with a gap up today, indicating a strong bullish trend, with the current price around 3370. After reaching a high of 3374 in the early session, gold is still consolidating at these high levels, awaiting buying pressure. Due to the gap up and subsequent rise, the short-term trend is likely to experience a gap fill. Additionally, considering the rapid rise, if a drop occurs during the European session, a pullback may follow. The upward curve is smooth, and the bullish momentum is strong, with the market still dominated by bulls. Therefore, today we should focus on strong support levels for buying opportunities, with the key entry point being around 3345-3350.
✅On the 1-hour chart, the moving averages continue to show a golden cross, indicating a bullish arrangement. In a strong market, a series of consecutive bearish candles can damage the upward pattern, while too many bullish candles can disrupt a downtrend. Therefore, attention must be paid to the strength of the candlestick patterns today. The current support level is near 3350, with further support at 3345. For the price to maintain this bullish trend, it should not fall below 3345 today. If gold retraces to 3350, it remains a buying opportunity.
🔴 Key Resistance Levels : The short-term resistance is in the range of 3392-3400. If this area is broken, gold could continue to rise.
🟢 Key Support Levels: Key support is at 3350, with further support at 3345.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰When gold rebounds to around 3392-3395, consider selling in parts, with a stop loss of 8-10$ and a target of 3370-3360. If this level is broken, the next target would be 3350.
🔺 Long Position Strategy:
🔰When gold pulls back to around 3345-3350, consider buying in parts, with a stop loss of 10 points and a target of 3365-3385. If the price breaks through, the next target would be 3395.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me.
✅On the 1-hour chart, the moving averages continue to show a golden cross, indicating a bullish arrangement. In a strong market, a series of consecutive bearish candles can damage the upward pattern, while too many bullish candles can disrupt a downtrend. Therefore, attention must be paid to the strength of the candlestick patterns today. The current support level is near 3350, with further support at 3345. For the price to maintain this bullish trend, it should not fall below 3345 today. If gold retraces to 3350, it remains a buying opportunity.
🔴 Key Resistance Levels : The short-term resistance is in the range of 3392-3400. If this area is broken, gold could continue to rise.
🟢 Key Support Levels: Key support is at 3350, with further support at 3345.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰When gold rebounds to around 3392-3395, consider selling in parts, with a stop loss of 8-10$ and a target of 3370-3360. If this level is broken, the next target would be 3350.
🔺 Long Position Strategy:
🔰When gold pulls back to around 3345-3350, consider buying in parts, with a stop loss of 10 points and a target of 3365-3385. If the price breaks through, the next target would be 3395.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.