After a sharp drop, gold has been in a state of volatility.📊 After touching the support level near 3330 yesterday, it finally rebounded. The current gold hourly moving average is spreading upward, and the Bollinger Band opening is widening. 📈Our judgment that gold is forming a head and shoulders bottom trend may become a reality.🌈
However, in the short term, prices above 3365 remain somewhat suppressed, and any current gains or losses can only be considered as wide-ranging fluctuations. ⚖️If the European session cannot effectively break through the 3370-3380 resistance area, then gold may still have a possibility of a short-term correction.📉 When encountering resistance and pressure from above, aggressive traders can consider shorting with a light position near the resistance level and wait for a correction.🐻 Conservative traders can patiently wait for the NY session to fall back to 3360-3345 and go long with a light position.🐂
However, in the short term, prices above 3365 remain somewhat suppressed, and any current gains or losses can only be considered as wide-ranging fluctuations. ⚖️If the European session cannot effectively break through the 3370-3380 resistance area, then gold may still have a possibility of a short-term correction.📉 When encountering resistance and pressure from above, aggressive traders can consider shorting with a light position near the resistance level and wait for a correction.🐻 Conservative traders can patiently wait for the NY session to fall back to 3360-3345 and go long with a light position.🐂
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Gold has perfectly retreated to our ideal trading area and successfully rebounded, and has now achieved perfect profits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊Latest Trading Sharing Group 📊 :t.me/Allenview
📊Telegram Exclusive Mentoring 📊 :t.me/Allen_868
Helping Million Accounts Successfully Double Their Funds🚀
✅Seize the opportunity and seize the opportunity✅
📊Telegram Exclusive Mentoring 📊 :t.me/Allen_868
Helping Million Accounts Successfully Double Their Funds🚀
✅Seize the opportunity and seize the opportunity✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.