Is the V-shaped rebound of gold a lure to buy or a reversal?

l’altro ieri

At the daily level, gold is still in a high-level oscillation pattern. The previous second wave of decline target has not been fully realized, and it is difficult to confirm a reversal after a rebound of more than 70 points. On the hourly chart, after the low point of 3120, it presents a slow rise pattern. This structure is usually accompanied by gradual adjustments, and it is not advisable to speculate on the top too early. At present, the short-term support of gold is focused on the 3200-3205 area, and the resistance is at 3255-3260.

l’altro ieri

Trade attivo

Trading is not gambling. If you want to make money in this market, you must keep learning. If you don't know where to start trading, you can click my link to contact me.

ieri

Trade chiuso: obiettivo raggiunto

If you have just entered the market, come to me and I will teach you how to operate while learning; if you are already in it and it is not ideal, you can come to me and I will help you. Contact me to get free trading signals