Gold rebounds strongly

28 Jan

After yesterday's correction, gold prices rebounded after receiving support at the 2730 line today. It has successfully broken through the key resistance level of 2745, showing a further upward trend. In the short term, the bullish momentum is strong, and the price is expected to continue to rise and test the resistance of the 2760 line. If the subsequent price adjustment stabilizes above 2750 and successfully breaks through 2760, it may further impact the key targets of 2772 and 2785.

The current 2745 line has been transformed into a short-term long-short dividing line, and this position will determine the strength and weakness of the intraday trend.
If the price falls below 2745 and fails to stabilize, the bears will regain dominance, and the price may pull back to 2730, or even further test the 2720 support area.
2760 is the current main resistance level. If the bulls continue their offensive and break through this position, it is expected to further test 2772 and 2785.
Support level: 2730, 2720
2730 is an important short-term support level. If the price falls back and falls below this level again, the short-selling force may increase, and the price will be expected to fall further to 2720.

Operation suggestion Long order strategy: follow the trend
It is recommended to wait for the price to pull back to the 2750-2748 area and arrange long orders on dips.
The stop loss is set below 2730, and the target is 2760. After breaking through, the target can be gradually moved up to 2772 and 2785.
Short order strategy: short-term rebound exhaustion layout
If the price continues to rise and there is an obvious signal of weak rise in the 2768-2772 area, consider short-term short orders.
The stop loss is set above 2785, and the target is 2750 and 2730.

Gold shows a bullish trend in the short term, but the market volatility is increasing. Operations need to pay attention to key points and price stabilization. It is recommended to strictly control positions and set stop losses to avoid losses caused by sudden changes in market sentiment.

28 Jan

Dagangan aktif

Gold rebounded strongly, and the short-term resistance of 2760 was under pressure. You can try to participate in a high-level trading signal
Level: 5 minutes
Direction: Sell 2758-2762
SL-2780
TP1-2748 TP2-2737 TP-2730

29 Jan

Dagangan ditutup: sasaran tercapai

Gold tested the 2750 support again, and the short-term trading volume fell back. If the support is not broken for the second time, it may fall into a rebound.
Now it touches the first target near 2748. End the previous trading order.