3.14 Gold breaks through historical high to 3000

14 Mar

Yesterday, the gold market continued the risk-averse rally and broke through the historical high. After opening at 2933.4 in the morning, the market first rose to 2947.4 and then fell back. The daily line reached a low of 2932.4 and then rose strongly. After breaking through the previous historical high of 2957 during the US trading session, the market accelerated upward. The daily line reached a high of 2989.3 and then the market consolidated. The daily line finally closed at 2988.8 and the market closed with a basically saturated big positive line. After this pattern ended, the weekly line completed the N-shaped break. Today's market reached the 3000 mark and quickly pulled back to 2988 and then came to 2997.

Short-term recommended operations:

Resistance level: 3000 3010 3020

Support level: 2995 2985 2970

14 Mar

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