8.23 Gold Short-term Analysis
Gold fell all the way to 2475 after the release of the number of people applying for unemployment benefits in the United States on August 17 at 10:00 Eastern Time, and then rebounded slightly and is currently trading around 2493.
Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson Hole.
This will determine whether gold can stand above the new historical high of 2530 or fall below the third support line of 2450.
Support level: 2470.85/ounce; 2450.22/ounce; 2430.35/ounce
Resistance level: 2519.18/ounce; 2531.76/ounce; 2535.00/ounce
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Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson Hole.
This will determine whether gold can stand above the new historical high of 2530 or fall below the third support line of 2450.
Support level: 2470.85/ounce; 2450.22/ounce; 2430.35/ounce
Resistance level: 2519.18/ounce; 2531.76/ounce; 2535.00/ounce
Do you have any different opinions and suggestions on gold?
Please like and comment
Comment
Sideways correction and steady recoveryComment
Perfect prediction, entered at 06, exited decisively at 16, exited with a profit of 10 points, and the total profit of members today is 13KComment
Perfect prediction, entered at 06, exited decisively at 16, exited with a profit of 10 points, and the total profit of members today is 13K
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
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