Gold's current round of rise is "earth-shaking"! Where is the en
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On Monday, spot gold once stood at $2,740/ounce, setting a new record high. However, due to the rise in the US dollar and US bond yields, it gave up all the gains in the US market, and once fell by $20 from the daily high, with the lowest price falling to around 2,715.
From the current 4-hour chart:
After touching 2,715 last night, gold rebounded again, reaching a rebound of about $20 at one point, and then returned to the high point range of 2,735-40.
From the hourly chart range, it can be seen that 2,715 is exactly the lower edge of the hourly chart trend line.
At present, it has rebounded to the support of the 2,715 trend line again, so the lower edge of the hourly chart trend line will become our primary support position.
As can be seen from the picture, the current trend support is getting higher and higher as time goes by, and it has currently reached 2725-20.
And it can be seen that the top trend line of the current hourly chart of gold has not yet been reached, so 2,740 is also unlikely to be the high point.
Therefore, the next operation can be based on 2725-20 to go long, and the upper side can be seen around 2750.
Hey dear traders if you like my idea please let me know in the comments and I will be happy
On Monday, spot gold once stood at $2,740/ounce, setting a new record high. However, due to the rise in the US dollar and US bond yields, it gave up all the gains in the US market, and once fell by $20 from the daily high, with the lowest price falling to around 2,715.
From the current 4-hour chart:
After touching 2,715 last night, gold rebounded again, reaching a rebound of about $20 at one point, and then returned to the high point range of 2,735-40.
From the hourly chart range, it can be seen that 2,715 is exactly the lower edge of the hourly chart trend line.
At present, it has rebounded to the support of the 2,715 trend line again, so the lower edge of the hourly chart trend line will become our primary support position.
As can be seen from the picture, the current trend support is getting higher and higher as time goes by, and it has currently reached 2725-20.
And it can be seen that the top trend line of the current hourly chart of gold has not yet been reached, so 2,740 is also unlikely to be the high point.
Therefore, the next operation can be based on 2725-20 to go long, and the upper side can be seen around 2750.
Hey dear traders if you like my idea please let me know in the comments and I will be happy
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Our goal is simple, to provide the most professional guidance for free to help everyone make a profit
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.