Gold Technical Analysis:
Daily chart resistance: 4090, support: 3840.
4-hour chart resistance: 4050, support: 3950.
1-hour chart resistance: 4050, support: 3980.
Today, the European session saw an accelerated rebound, breaking through $4000. The focus is on whether it can hold. If the price can stabilize above $4000 after the Fed's rate cut and Powell's speech, it will inevitably attract previous buying interest, solidifying the long-term upward trend. Conversely, if the price falls below $4000, it can be basically determined that a short-term top has formed. At that time, greater selling pressure will continue to amplify the decline until market risk sentiment shifts.
Based on the 1-hour chart, the price faces resistance around 4050, and the battle around the 4000 level remains crucial. Support is seen around 3980.
Trading Plan:
SELL: 4050 near
BUY: 3980 near
BUY: 3955 near
If you choose to trade, please avoid times when news releases occur.
Daily chart resistance: 4090, support: 3840.
4-hour chart resistance: 4050, support: 3950.
1-hour chart resistance: 4050, support: 3980.
Today, the European session saw an accelerated rebound, breaking through $4000. The focus is on whether it can hold. If the price can stabilize above $4000 after the Fed's rate cut and Powell's speech, it will inevitably attract previous buying interest, solidifying the long-term upward trend. Conversely, if the price falls below $4000, it can be basically determined that a short-term top has formed. At that time, greater selling pressure will continue to amplify the decline until market risk sentiment shifts.
Based on the 1-hour chart, the price faces resistance around 4050, and the battle around the 4000 level remains crucial. Support is seen around 3980.
Trading Plan:
SELL: 4050 near
BUY: 3980 near
BUY: 3955 near
If you choose to trade, please avoid times when news releases occur.
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💥Telegram Channel Free Updates 👉🏻
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
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.