Gold Technical Analysis:
Daily Resistance: 4210, Support: 4000
4-Hour Resistance: 4180, Support: 4110
1-Hour Resistance: 4170, Support: 4130
The weekly chart continues its bullish trend. Tomorrow's monthly/weekly chart closes, directly impacting the December technical outlook.
The daily chart continues its upward trend. The newly formed "rounded bottom" needs to be monitored for its sustainability. Bollinger Bands are widening upwards, and the middle band and moving average support are gradually moving upwards. As mentioned in recent analyses, the main strategy is to follow the trend and be bullish. The next key level to watch is 4200. Long-term holders can wait for the Fed's interest rate decision before buying. The ideal long-term entry point for gold remains below 4000; however, short-term traders can buy low and sell high.
Based on the 1-hour chart, gold continued its upward trend during the European session, with the candlestick pattern indicating an upward channel. The next resistance level to watch is around 4180, followed by the psychological resistance at 4200. Support levels are around 4150/4140.
Trading Strategy:
BUY: 4150~4140
Selling strategies should be determined based on the real-time candlestick pattern.
More Analysis →
Daily Resistance: 4210, Support: 4000
4-Hour Resistance: 4180, Support: 4110
1-Hour Resistance: 4170, Support: 4130
The weekly chart continues its bullish trend. Tomorrow's monthly/weekly chart closes, directly impacting the December technical outlook.
The daily chart continues its upward trend. The newly formed "rounded bottom" needs to be monitored for its sustainability. Bollinger Bands are widening upwards, and the middle band and moving average support are gradually moving upwards. As mentioned in recent analyses, the main strategy is to follow the trend and be bullish. The next key level to watch is 4200. Long-term holders can wait for the Fed's interest rate decision before buying. The ideal long-term entry point for gold remains below 4000; however, short-term traders can buy low and sell high.
Based on the 1-hour chart, gold continued its upward trend during the European session, with the candlestick pattern indicating an upward channel. The next resistance level to watch is around 4180, followed by the psychological resistance at 4200. Support levels are around 4150/4140.
Trading Strategy:
BUY: 4150~4140
Selling strategies should be determined based on the real-time candlestick pattern.
More Analysis →
Trade active
Due to the Thanksgiving holiday, gold traded in a narrow range between 4145 ~ 4167. 
💥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
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.
💥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
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.