The next target of gold’s “inverted V-shaped reversal” is 3300!
https://www.tradingview.com/x/UCCdnzGE/
💡Message Strategy
Spot gold's upward momentum was stalled during the Asian session on Thursday (August 14th). After hitting a three-day high near $3,375, it encountered some intraday selling, trading close to Wednesday's closing price.
Global risk sentiment continued to be supported by two factors: optimistic expectations of a three-month extension of the US-China trade truce and positive signals from Friday's (August 15th) US-Russia summit aimed at ending the Russia-Ukraine conflict. This, in turn, weighed on the safe-haven precious metal.
📊Technical aspects
According to the 4-hour chart, gold showed an "inverted V-shaped reversal", which just reflects the lack of momentum for gold bulls to rise as expectations of a Fed rate cut rise.
Gold prices have formed strong resistance in the $3,360 range and are showing weakness near the 200-period moving average on the 4-hour chart, indicating that bears are still in control. Short-term resistance is at $3,365. If it fails to break through, it may fall further, eventually falling to the $3,300 mark.
💰Strategy Package
Short Position:3355-3360，SL:3380，Target: 3330，3300
💡Message Strategy
Spot gold's upward momentum was stalled during the Asian session on Thursday (August 14th). After hitting a three-day high near $3,375, it encountered some intraday selling, trading close to Wednesday's closing price.
Global risk sentiment continued to be supported by two factors: optimistic expectations of a three-month extension of the US-China trade truce and positive signals from Friday's (August 15th) US-Russia summit aimed at ending the Russia-Ukraine conflict. This, in turn, weighed on the safe-haven precious metal.
📊Technical aspects
According to the 4-hour chart, gold showed an "inverted V-shaped reversal", which just reflects the lack of momentum for gold bulls to rise as expectations of a Fed rate cut rise.
Gold prices have formed strong resistance in the $3,360 range and are showing weakness near the 200-period moving average on the 4-hour chart, indicating that bears are still in control. Short-term resistance is at $3,365. If it fails to break through, it may fall further, eventually falling to the $3,300 mark.
💰Strategy Package
Short Position:3355-3360，SL:3380，Target: 3330，3300
การซื้อขายยังคงดำเนินอยู่
Gold shorts fell as expected and gold bulls passed by like a shooting star!
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน