Gold Bears Remain in Control: Key Levels to Watch Next Week
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This week, gold continued to maintain a bearish trend, opening lower and moving lower at the beginning of the week. On Wednesday, the gold price broke through the key support level of 3,200, a previous low, and then tested the 3,120 level multiple times, further confirming the strengthening of the market's bearish trend. Although there was a brief technical rebound on Thursday, with the intraday price surging to 3,252, it quickly pulled back. In Friday's trading, the gold price failed to effectively break below 3,120, leaving the short-term trend in a stalemate. From a technical analysis perspective, the current rebound can be seen as a corrective rally after the decline from the high of 3,499 to 3,120. The high of 3,241 in the small cycle forms an obvious short-term resistance.
Next week, the market needs to focus on the validity of the support level at 3,165. If this support level is broken, the gold price may test the key area of 3,120 for the third time; conversely, if it can continue to stabilize above 3,165, the decline is expected to be briefly alleviated. In terms of trading strategies, it is recommended to lay out short positions with 3,250 as the key resistance level, with a short-term target of the 3,170-3,165 range. Given the current bearish trend and the repeated testing of key levels, investors need to be wary of short-term volatility caused by intense competition near 3,120. However, from a medium-term perspective, the downward logic of the gold price remains solid, so trading along the trend by relying on resistance levels remains the core strategy.
XAUUSD
sell@3230-3240
tp:3200-3180-3160
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
This week, gold continued to maintain a bearish trend, opening lower and moving lower at the beginning of the week. On Wednesday, the gold price broke through the key support level of 3,200, a previous low, and then tested the 3,120 level multiple times, further confirming the strengthening of the market's bearish trend. Although there was a brief technical rebound on Thursday, with the intraday price surging to 3,252, it quickly pulled back. In Friday's trading, the gold price failed to effectively break below 3,120, leaving the short-term trend in a stalemate. From a technical analysis perspective, the current rebound can be seen as a corrective rally after the decline from the high of 3,499 to 3,120. The high of 3,241 in the small cycle forms an obvious short-term resistance.
Next week, the market needs to focus on the validity of the support level at 3,165. If this support level is broken, the gold price may test the key area of 3,120 for the third time; conversely, if it can continue to stabilize above 3,165, the decline is expected to be briefly alleviated. In terms of trading strategies, it is recommended to lay out short positions with 3,250 as the key resistance level, with a short-term target of the 3,170-3,165 range. Given the current bearish trend and the repeated testing of key levels, investors need to be wary of short-term volatility caused by intense competition near 3,120. However, from a medium-term perspective, the downward logic of the gold price remains solid, so trading along the trend by relying on resistance levels remains the core strategy.
XAUUSD
sell@3230-3240
tp:3200-3180-3160
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
Dagangan aktif
This market is so cruel, I hope you can break through the siege.Dagangan ditutup: sasaran tercapai
Today, our short strategy on gold has achieved great success 🎉! It turns out that this is an excellent shorting point.
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t.me/+yWjb0JJb8NA3YzFk
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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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+yWjb0JJb8NA3YzFk
t.me/+yWjb0JJb8NA3YzFk
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.