Gold: Market analysis and strategy for July 10.

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Gold technical analysis
Daily chart resistance level 3345, support level 3245
Four-hour chart resistance level 3340, support level 3285
One-hour chart resistance level 3330, support level 3310.

Yesterday, gold bottomed out and rebounded, standing above 3310, breaking the previous downward rhythm. The breakthrough of the previous opening means that gold is likely to continue to rise. The current market is bullish above 3310. You can buy around 3310. The upper resistance is 3340/45 area. The gold price runs in this area. If the top signal appears at a small level, you can sell.

In terms of intraday operations, it is recommended to sell in the 3340-45 range after rising, and buy when it falls back to 3310. It runs in a narrow range and can be scalped.

SELL: 3343 near

BUY: 3310near

Penafian

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