Gold → Oscillating pattern, short at high level

5 dni temu

Gold prices hit a record high of 3895 yesterday before retreating. Unlike previous declines, yesterday's retreat didn't offer the same swift rebound as before. As prices gradually climbed, nearing $600, a divergence in funds among bulls began to emerge. Some investors began to take profits, leading to short-term profit-taking and a short-term correction.

Regarding today's market trends, in the short term, we should keep an eye on support at 3853, a key support point mentioned yesterday. At this time, we should look at it from the perspective of strong fluctuations. That is, the possibility of breaking the high again is not high, so we should arrange the layout around the fluctuation range of 3895~3828. As further breaks above this high are unlikely, we should prioritize range-bound trading between 3895 and 3828.

Resistance levels: 3882, 3895

Support levels: 3853, 3828

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5 dni temu

Zlecenie aktywne

If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.

5 dni temu

Transakcja zamknięta: osiągnięto wyznaczony cel

If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.