—During the European session on Thursday (June 26), spot gold prices fluctuated significantly during the day, first falling and then rebounding, and are currently around 3337.60, fluctuating in a wide range.
The rebound from Tuesday's low of $3295 has risen above the previous support of $3340 (June 20 low), confirming a deeper bullish correction. The currency pair may be in the C-D leg of a small Gartley pattern, moving towards the downward trend line resistance since the mid-June high (previously $3450, currently $3365).
A break above this level will mark a trend reversal and shift the focus to the $3400 line, which suppressed bulls on June 17, 18 and 22.
On the downside, if the above trend line is blocked, it may first seek support at the intraday low of $3330 before looking at the previously mentioned $3295 (June 9 and 24 lows).
The rebound from Tuesday's low of $3295 has risen above the previous support of $3340 (June 20 low), confirming a deeper bullish correction. The currency pair may be in the C-D leg of a small Gartley pattern, moving towards the downward trend line resistance since the mid-June high (previously $3450, currently $3365).
A break above this level will mark a trend reversal and shift the focus to the $3400 line, which suppressed bulls on June 17, 18 and 22.
On the downside, if the above trend line is blocked, it may first seek support at the intraday low of $3330 before looking at the previously mentioned $3295 (June 9 and 24 lows).
액티브 트레이드
There is no absolute or fixed ups and downs in the market. Therefore, a balanced judgment of the ups and downs of the market is your magic weapon to win.
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