Gold trend analysis and trading advice

The price of gold rose to a maximum of $2,352 today. It was hindered by resistance from above and could not continue to rise. Subsequently, it was affected by the annual rate of the core PCE price index in March and now maintains a downward trend. The market situation is changing rapidly, so it is particularly important to accurately judge the impact of the news and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. Only by grasping the market trend can you be invincible in trading.

The latest important support and resistance levels for gold prices:
Support level: $2310; $2295;
Resistance: $2,361; $2,372

Trading operations: Go short after gold rebounds and go long after it falls.

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Operación activa:

Gold is currently supported below, and the U.S. dollar is now falling, which will provide some impetus for gold's rise.

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Gold has great resistance above the $2,350 level and is difficult to break through the 2,350-2,355 range.
Therefore, we can conduct short trades above $2340-2345, which would be a good choice.

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Gold is now undergoing a shock adjustment

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Now that the price of gold has risen above $2,340 again, you can short gold in this range

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Gold prices fall, short sellers continue to make profits

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Gold prices closed at $2,338