4.4 Analysis of gold short-term operation strategy!!!

4 Nis

On Thursday (April 3), spot gold experienced a surprising volatility, with a single-day fluctuation of nearly $114, and the price of gold finally closed down.

Analyze the technical outlook of gold intraday.

The 4-hour chart of gold shows that the price of gold is trading below the currently flat 20-period SMA, but it is still well above the bullish 100-period SMA, which provides support near $3040/oz. At the same time, technical indicators have recovered from near oversold readings and stabilized within negative levels. If the price of gold falls below the above-mentioned $3040/oz area, the price of gold may fall sharply.






Support: $3086.70/oz; $3073.90/oz; $3061.10/oz



Resistance: $3123.10/oz; $3136.70/oz; $3150.00/oz

4 Nis

İşlem aktif

Reference data for the day:

US unemployment rate in March

US seasonally adjusted non-agricultural employment in March (10,000 people)

4 Nis

İşlem kapandı: hedefe ulaştı

We will update regularly every day to introduce how we manage active thinking and settings. Thank you for your likes, comments and attention. Thank you very much