—During the European session on Thursday (June 26), spot gold prices fluctuated significantly during the day, first falling and then rebounding, and are currently around 3337.60, fluctuating in a wide range.
The rebound from Tuesday's low of $3295 has risen above the previous support of $3340 (June 20 low), confirming a deeper bullish correction. The currency pair may be in the C-D leg of a small Gartley pattern, moving towards the downward trend line resistance since the mid-June high (previously $3450, currently $3365).
A break above this level will mark a trend reversal and shift the focus to the $3400 line, which suppressed bulls on June 17, 18 and 22.
On the downside, if the above trend line is blocked, it may first seek support at the intraday low of $3330 before looking at the previously mentioned $3295 (June 9 and 24 lows).
The rebound from Tuesday's low of $3295 has risen above the previous support of $3340 (June 20 low), confirming a deeper bullish correction. The currency pair may be in the C-D leg of a small Gartley pattern, moving towards the downward trend line resistance since the mid-June high (previously $3450, currently $3365).
A break above this level will mark a trend reversal and shift the focus to the $3400 line, which suppressed bulls on June 17, 18 and 22.
On the downside, if the above trend line is blocked, it may first seek support at the intraday low of $3330 before looking at the previously mentioned $3295 (June 9 and 24 lows).
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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Senior Financial Analyst Main expertise: Analysis of financial products such as gold, US dollar, digital currency, etc. Telegram link: t.me/+43sO_tENBOswYWMx
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。