Gold prices are expected to fluctuate in the short term. Currently, driven by growing expectations of an interest rate hike, gold prices have been significantly stronger in recent days. One-hour analysis shows that support is expected to be near 3370-3375 tonight. Rebounds within this area should maintain a bullish trend. The short-term bullish trend line is near 3360. If the daily chart stabilizes above this level, the trend of buying on dips will remain unchanged, focusing on trend-following.
Even if you open a short position, the recommended target is between 3390 and 3410.
I will update my trading strategy promptly; please follow my posts.
Gold Trading Strategy:
Open long positions near support levels of 3370-3375, and add to your long position if it retraces to 3360-3365. Set a stop-loss at 3348 and target 3400-3405. Hold if it breaks above this level.
Even if you open a short position, the recommended target is between 3390 and 3410.
I will update my trading strategy promptly; please follow my posts.
Gold Trading Strategy:
Open long positions near support levels of 3370-3375, and add to your long position if it retraces to 3360-3365. Set a stop-loss at 3348 and target 3400-3405. Hold if it breaks above this level.
Thirteen years of experience in gold analysis: stable returns are the key to long-term
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t.me/Violet_home0808
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
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.
Thirteen years of experience in gold analysis: stable returns are the key to long-term
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
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.