Yesterday's short position in gold near 3360 was successfully cashed out, yielding significant returns. Gold encountered resistance near 3359 and then fell back, fluctuating back and forth. It rebounded at key support at 3331, forming a doji candlestick on the daily chart. Currently, the trend favors buying on dips. Daily support is near 3340, and buying is recommended if it breaks through. The initial upside target is near 3354. If it breaks above yesterday's high at 3359, it will likely continue to rise towards 3368 or even 3377. If it doesn't break through 3370, continue buying shorts. If it falls below 3331, the initial target is near 3320. Strong support is near 3291.
Trading Recommendation: Buy longs near 3340. If the market strengthens, buy at 3345, with a bullish outlook towards 3359. Consider buying shorts near 3368 or 3377.
Trading Recommendation: Buy longs near 3340. If the market strengthens, buy at 3345, with a bullish outlook towards 3359. Consider buying shorts near 3368 or 3377.
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If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.