From the current market daily chart
The absolute support of gold is around 3280. Gold is basically in the process of maintaining this daily trend support line. Therefore, I personally think that around 3280 is a long-short dividing line for gold. If gold falls below 3280 on the daily line, it is very likely that the decline will just begin. On the contrary, be careful. If 3280 does not fall below, there is still a possibility of rebounding.
In the 4-hour chart, from the high point of 3450 to now, the 0.382 position is just around yesterday's high point of 3350. The 0.618 position is at 3325, and the final 100% position is around 3280. 3280 also coincides with the daily chart.
Therefore, gold must at least test around 3280 today, and it is not ruled out that there will be lower positions.
The absolute support of gold is around 3280. Gold is basically in the process of maintaining this daily trend support line. Therefore, I personally think that around 3280 is a long-short dividing line for gold. If gold falls below 3280 on the daily line, it is very likely that the decline will just begin. On the contrary, be careful. If 3280 does not fall below, there is still a possibility of rebounding.
In the 4-hour chart, from the high point of 3450 to now, the 0.382 position is just around yesterday's high point of 3350. The 0.618 position is at 3325, and the final 100% position is around 3280. 3280 also coincides with the daily chart.
Therefore, gold must at least test around 3280 today, and it is not ruled out that there will be lower positions.
The gold market is my stage, and turning the market's fluctuations into our interests is my skill.
Welcome everyone to join my signal exchange group: t.me/+5W95IZ8-mFUwY2Zh
Welcome everyone to join my signal exchange group: t.me/+5W95IZ8-mFUwY2Zh
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.
The gold market is my stage, and turning the market's fluctuations into our interests is my skill.
Welcome everyone to join my signal exchange group: t.me/+5W95IZ8-mFUwY2Zh
Welcome everyone to join my signal exchange group: t.me/+5W95IZ8-mFUwY2Zh
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.