Gold technical analysis Daily resistance 2470-84, support below 2410 Four-hour resistance 2470, support below 2410
Gold operation suggestions: Last Friday, gold prices accelerated to break through the 2477 mark under the influence of the positive nfp employment data, and then fell back into a shock consolidation, and then the second high of 2474 was hit and fell, and finally accelerated to fall down and break through the two integers of 2430 and 2420 to reach 2410, and then quickly rebounded and closed. The overall price once again showed a suppression pattern above the 2470 mark.
Judging from the current trend, today's Asian session opened and fell again. In the short term, the gold price will test the support strength of the 2410 mark, the low point of last Friday. The upper short-term pressure is around 2453-2458. If the intraday rebound relies on this position, you can go short first and then look for continued decline. If it stabilizes at the 2410 mark, you can go long. In the day, you can rely on the 2458-2410 range to sell high and buy low.
Technical analysis only provides trading direction!
액티브 트레이드
COMEX's most active gold futures contract traded 1,415 lots in one minute from 7:22 to 7:23 on August 5, NY time, with a total contract value of $345 million.
액티브 트레이드
As the data above shows, gold is selling off heavily. Falling like a waterfall. 2410 support turns into resistance, and the 4H support below is in the range of 2375~2385. We will go long when there is a stabilization reaction in the resistance zone. Or continue to sell when it returns to around 2410
액티브 트레이드
Fourth profit confirmation today
액티브 트레이드
Latest resistance and support updates
액티브 트레이드
As I shared the last chart yesterday, the upper pressure position was 2419. Today it was perfectly realized and started to fall around 2419. But we hadn’t started trading at that time. Now we quickly harvest two profits