Gold breaks resistance to rise?
Updated
https://www.tradingview.com/x/Xyg5e0g2/
For the bears today, if they can hold 1912-1913 and fall back below the 1900 mark again, then the next support to look for is 1892-1893, and the most critical is the 1883 area.
Channel range operation, with 1912-1913 as the space switching point, break through the station to form an acceleration, so as to find the position of the trend line on the upper track of the channel in 1926-1927 and 1930-1931
Yesterday, the price fell below the 1901 area on the lower track of the channel, but after bottoming out in late trading, it still returned to this channel range for high sideways oscillations.
For the market that bottomed out and rebounded, the price just hit the 1912-1913 area again, and it went all out, then declined again, and exhausted three times.
For today's gold, my idea is to maintain the channel range and run around the channel range
Take the 1902-1898-1893 area as support. Look upwards for the price to break through above 1912-1913, and then look for resistance in the 1926-1927 and 1931 areas one by one
If my thoughts are helpful to you, please like and follow
For the bears today, if they can hold 1912-1913 and fall back below the 1900 mark again, then the next support to look for is 1892-1893, and the most critical is the 1883 area.
Channel range operation, with 1912-1913 as the space switching point, break through the station to form an acceleration, so as to find the position of the trend line on the upper track of the channel in 1926-1927 and 1930-1931
Yesterday, the price fell below the 1901 area on the lower track of the channel, but after bottoming out in late trading, it still returned to this channel range for high sideways oscillations.
For the market that bottomed out and rebounded, the price just hit the 1912-1913 area again, and it went all out, then declined again, and exhausted three times.
For today's gold, my idea is to maintain the channel range and run around the channel range
Take the 1902-1898-1893 area as support. Look upwards for the price to break through above 1912-1913, and then look for resistance in the 1926-1927 and 1931 areas one by one
If my thoughts are helpful to you, please like and follow
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Next week, 1925-1933 will be resistance and 1940 will be strong resistance for gold to riseTrade active
If you have different ideas about next week, you can leave a message in the comment areaTrade active
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Next week 1925 is the first resistance priceTrade active
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Next week there will be non-farm dataTrade active
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Gold will continue to fall if it cannot stand above 1925 next weekTrade active
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There hasn't been a lot of news this weekend. So tomorrow's opening will be a normal trendTrade active
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1910buy.TP1920Trade active
If it breaks through 1922, it can rise to 1930-1936 resistance
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