It is difficult to decide the direction of gold's high-level flu

96
The current price of gold is running in the range of 3245-3193, and today's opening continued to consolidate in a narrow range. It is worth noting that the market generally expects the unilateral 100-point market last week to reappear, but ignores the characteristics of this week's oscillation and energy storage. Blindly chasing ups and downs is easy to fall into a passive position. From the technical form, the upper 3237-3245 constitutes a strong resistance zone, and the lower 3193-3188 forms a key support. It is recommended that everyone maintain the range operation thinking, rely on support and resistance to choose the opportunity to buy low and sell high, and wait patiently for the market to clarify the direction before making a trend layout.

Overall operation strategy:

It is recommended to go long at 3190-3185, stop loss at 3177, and the target is 3210-3230.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.