Gold Trading Analysis·Trends

Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130

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Gold prices are now supported below the Bollinger Band

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The price of gold is now supported below the Bollinger Band and has a rebound trend.

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Gold price rises to $2,150, pay attention to whether it can break through $2,160

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