Gold prices hit a record high of 3895 yesterday before retreating. Unlike previous declines, yesterday's retreat didn't offer the same swift rebound as before. As prices gradually climbed, nearing $600, a divergence in funds among bulls began to emerge. Some investors began to take profits, leading to short-term profit-taking and a short-term correction.
Regarding today's market trends, in the short term, we should keep an eye on support at 3853, a key support point mentioned yesterday. At this time, we should look at it from the perspective of strong fluctuations. That is, the possibility of breaking the high again is not high, so we should arrange the layout around the fluctuation range of 3895~3828. As further breaks above this high are unlikely, we should prioritize range-bound trading between 3895 and 3828.
Resistance levels: 3882, 3895
Support levels: 3853, 3828
For specific trading decisions, please follow my live updates. I will update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.
Regarding today's market trends, in the short term, we should keep an eye on support at 3853, a key support point mentioned yesterday. At this time, we should look at it from the perspective of strong fluctuations. That is, the possibility of breaking the high again is not high, so we should arrange the layout around the fluctuation range of 3895~3828. As further breaks above this high are unlikely, we should prioritize range-bound trading between 3895 and 3828.
Resistance levels: 3882, 3895
Support levels: 3853, 3828
For specific trading decisions, please follow my live updates. I will update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.
Operación activa
If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.Operación cerrada: objetivo alcanzado
If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.
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Join my telegram channel for free- t.me/GoldBitcoinSharing Want receive more profitable signals for Crypto & Forex market, write me
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.