Gold is currently forming an irregular head and shoulders bottom pattern on the 30-minute chart. It is now at a horizontal resistance zone (2632-2638), with key support at 2628-2621. If the support within this triangle consolidation area holds, the focus will shift to a potential breakout above the resistance. Over time, the probability of a breakout is likely to increase.
Therefore, the main focus for today's trades is on buying in the 2628-2618 range. During the New York session, the strategy should favor long positions. The key resistance today and tomorrow is around 2640, with support at 2623.
Next week, the focus will shift to the resistance zone at 2652-2661, with support needing close attention in the 2632-2623 area.
Today's and Tomorrow's Trading Strategy:
Buy at 2624-2618
Sell at 2644-2648
Therefore, the main focus for today's trades is on buying in the 2628-2618 range. During the New York session, the strategy should favor long positions. The key resistance today and tomorrow is around 2640, with support at 2623.
Next week, the focus will shift to the resistance zone at 2652-2661, with support needing close attention in the 2632-2623 area.
Today's and Tomorrow's Trading Strategy:
Buy at 2624-2618
Sell at 2644-2648
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Penerbitan berkaitan
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.