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Gold opened this morning and filled the gap. As the likelihood of a second round of talks between the US and Iran increases, this is a short-term positive for gold.
Key levels to watch today
Support levels: 4800-4780-4730
Resistance levels: 4840-4880-4900
Today's strategy: Buy on dips
Gold is currently fluctuating around 4820. We need to pay attention to the support levels at 4800-4780. If gold breaks below 4780, the next support levels are around 4730-4740.
We can patiently wait for gold to retrace to the support levels before entering long positions.
If gold breaks below 4730, the short-term bullish outlook for gold will be negated.
Note:
The above analysis is Ze's personal analysis. Markets are ever-changing, and the content is for reference only. It does not constitute any investment advice!
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