Gold: Trading signals during the European session

Gold is now making its first attempt at resistance. In this process, we can use the black trend line below and the purple trend line as reference support.

If the price does not actually fall below the test, there is a high probability that it will reach the 3037-3044 area. Therefore, during the European trading period, the 3037-3044 area can be used as an opportunity to enter the short position.

At the same time, pay attention to the long opportunities brought by the support area. For conservative trading, the area near 3025 can be used as an entry time.