Gold Technical Analysis:
Daily Resistance: 4300, Support: 4131
4-Hour Resistance: 4245, Support: 4160
1-Hour Resistance: 4230, Support: 4180
Technically, the "hammer" candlestick pattern on the daily chart from the previous trading day indicates strong buying pressure on dips. Both the daily and 4-hour charts maintain an upward channel, and the moving average correction is largely complete, suggesting a continuation of the upward trend. The next key resistance level to watch is the 4245/4250 area; a decisive break above this level is crucial for short-term gains. The MACD/KDJ correction is also largely complete, with support around 4180.
Combined with the 1-hour chart, the price has pulled back after a surge. We await a bottoming out before looking for buying opportunities.
During the NY session, we plan to buy on a pullback to around 4180/4170.
BUY: 4180near
BUY: 4170near
More Analysis →
Daily Resistance: 4300, Support: 4131
4-Hour Resistance: 4245, Support: 4160
1-Hour Resistance: 4230, Support: 4180
Technically, the "hammer" candlestick pattern on the daily chart from the previous trading day indicates strong buying pressure on dips. Both the daily and 4-hour charts maintain an upward channel, and the moving average correction is largely complete, suggesting a continuation of the upward trend. The next key resistance level to watch is the 4245/4250 area; a decisive break above this level is crucial for short-term gains. The MACD/KDJ correction is also largely complete, with support around 4180.
Combined with the 1-hour chart, the price has pulled back after a surge. We await a bottoming out before looking for buying opportunities.
During the NY session, we plan to buy on a pullback to around 4180/4170.
BUY: 4180near
BUY: 4170near
More Analysis →
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💥Telegram Channel Free Updates 👉🏻
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
💥This a place for learning and communication. 👉🏻
💥Provide trading guidance.👉🏻
Telegram Channel👉🏻t.me/Actuary00group
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.