Gold market trend analysis

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Gold prices rebounded at noon, but encountered strong resistance at 2930, and then fell again, hitting an intraday low of 2881.78. During the US trading session, the price began to stabilize and rebounded to around 2900. The overall trend was as thrilling as a roller coaster. At present, 2900 has become a key price for both long and short sides. The upper resistance level is in the range of 2907-2911, while the lower support level is stable in the range of 2887-2882. Faced with such a market pattern, it is necessary to remain calm and focus on long positions in callbacks, while not forgetting the opportunity of rebounding high. During the operation, be sure to set a stop loss point to control potential risks.
Late trading strategy 1: It is recommended to buy at 2890-2885, stop loss at 2875, and the target is 2910-2925.

Late trading strategy 2: It is recommended to sell at 2925-2930, stop loss at 2936, and the target is 2905-2890.

28 dakika önce

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