Gold retests previous highs

5 วันที่ผ่านมา

Gold prices continue to be in an upward trend channel, and prices are currently near the lower track of the channel, and there are strong signs of a rebound. This shows that the bullish trend in the gold market remains, and despite the short-term price correction, the market as a whole is still inclined to rise. Gold prices have rebounded from the lows and seem ready to rise again, especially after breaking through the key resistance level of $2,931.25.

Judging from the current price behavior, gold has formed a rebound pattern near the support area, and the recent trend has shown a strong upward momentum. In particular, the rebound after the price approached the lower track of the trend channel again, indicating that market participants are actively buying in this price range. The "V" reversal signal formed suggests that gold may continue to rise and break through the current resistance zone.

From the current technical perspective, the potential targets for gold are:
Support level: $2,879.86, if the price falls below this level, it may lead to a further correction.
Resistance: $2,931.25, this position is a key resistance level in the short term. If it breaks through, it may push gold prices further up and test the resistance areas of $2,949.47 and $2,972.68.

Gold is currently in an upward trend, and the MACD shows continued buying momentum. The price has stabilized near the support area of ​​$2,879.86, and it is possible to break through the resistance level of $2,931.25, further pushing the price upward. Investors should continue to pay attention to these key support and resistance levels and flexibly adjust trading strategies according to market dynamics. If the price breaks through the key resistance area, gold may usher in higher price targets.

Bullish advice:
When gold falls back to the 2920-2915 area, it can be bought at a low price. The target upward range is 2935-2940. The stop loss is set at 2905, and a stop loss can be considered if it breaks below this position.

Short advice:
When gold is under pressure in the 2935-2940 area, consider shorting. The downside target is 2918-2925. If the price breaks through 2950, ​​it will be regarded as a short stop loss.

4 วันที่ผ่านมา

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Currently, the highest level of gold has reached 2939. Gold has been under pressure twice in a row at this position, and is expected to form a double top suppression pattern. Gold maintains a short-term mentality during the day, and the operation is mainly based on rebound short selling. The short-term short position target remains unchanged at 2922-2915.