From the current point of view, gold is just rebounding. The negative line of gold hit the top yesterday, that is, the opening price was around 2382 yesterday. The rebound of gold in the afternoon did not break through the resistance overnight, which shows that the resistance of gold in this place is still effective. Since gold encounters resistance in the short term, then There is no need to chase the bullish trend yet. The high level of gold is still full of resistance. The 2380 area continues to be bearish, waiting for a wave of correction.
It is expected that gold will trade between the support level of 2360 and the resistance level of 2400 today.
It is expected that gold will trade between the support level of 2360 and the resistance level of 2400 today.
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This is consistent with my prediction, with a short-term decline and then continuing to rise.
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Shorting the 2083 area directly, I trust my signals because I rarely make mistakes.
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The 2380 area continues to go long, and the upward trend of gold remains strong.
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Hope it helps you.
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The data released by the United States today will have a greater impact on gold. Join my channel and I will share trading signals.
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Judging from the current market trend, gold is suppressed by the 2330-35 line at the top and is supported by the 2312-13 line below. It is in a range. In the evening, it is still mainly short selling under pressure above the rebound. The rebound is short at the 2328-2335 line, with the target of 2300-2312.
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The first resistance is the 2350 area. If it stands above this area, it will open up further upside space and the next target is the 2390 area.
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2330 turns into a support level. If it remains above 2330, it will continue to be bullish. If it falls below 2330, it will rebound and be bearish.
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If it continues to remain above the 2330 area, it means that its trend is still on the upward side.
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