GOLD SELL @ 2748-2750

5 Kas 2024

🔴Short-term upper resistance range @ 2748-2750
🟢Short-term lower support range @ 2728-2730

🔶After the price of gold rebounded from the high, it stopped falling at 2730 and entered the adjustment stage. Yesterday's market narrowed, and the overall trend is still in a slow decline.

🔶On the daily chart, the price of gold fell from the rising channel, and the current support level is at the bottom of the channel at 2695. If this position is effectively broken, it may further pull back to the node 2685 that broke through in the previous period.

🔶The 4-hour chart shows that the price of gold reversed from the high and fell back, and the price re-entered the previous wide range of 2758-2715. The upper resistance is located at 2790, 2760 and 2748 levels, all showing a suppression trend. If it falls below the 2730 support, the short-selling trend may continue, and the lower support is seen at the bottom of the 2715 range.

🔶In the 1-hour chart, the price showed a triangle convergence and fell to 2724 before rebounding. It is expected to test the 2740 line in the short term, but it is still in the convergence end stage as a whole.

🔶On the whole, gold has not yet seen a clear trend reversal in the short term, and the overall weak pattern remains. However, the bullish trend has not been completely broken. The longer the horizontal adjustment lasts, the more unfavorable it is for the continuation of the bearish trend. If the price breaks through and stabilizes at 2740, the oscillating trend in the 2748-2730 range may continue in the short term.

🔶Operation suggestion: There is still room for short-term operation of short orders. It is recommended to consider short-term short orders near the 2738-2740 pressure level, with the target at the 2730-2724 support level. If it breaks down, further attention can be paid to the follow-up opportunities in the 2715-2710 area.

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5 Kas 2024

İşlem aktif

After hitting the short-term high of 2741, the gold price came under pressure and weakened. After the short-term rebound, short selling has made a profit of $8. The support below is at 2730, and the short position is closed first to take profit.

5 Kas 2024

İşlem aktif

Gold fell in the short term and rebounded, the hourly line rose quickly and fell slowly. The 4-hour MACD diverged slightly. The current trend rushed up to 2745 and then pulled back. Pay attention to the 2732-2735 area below. If it rebounds again here, it may form a horizontal slow rise trend in the future. The upper side tests the 2748-2750 area.

6 Kas 2024

İşlem aktif

The Asian market remains volatile in the 2750-2730 range