Today, the Asian market gold tested the bottom and rebounded, with support at low levels being effective. In the short term, it has entered a phase of oscillation and correction, but the overall major trend remains relatively weak.



Key levels
Support: 4300-4315, 4268
Resistance: 4350, 4370-4380

Trend forecast
In the afternoon, maintain range-bound oscillation, difficult to break out of a one-sided trend, waiting for the evening ADP data to guide the direction.

Trading ideas
Pull back near 4315 for a light short-term long position, target 4345-4350; rebound to 4350-4360 with resistance to consider shorting, quick in and out within the range. #Gold
GLDX1.2%
PAXG-2.48%
XAU-2.54%
XAUUSD-0.98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned