Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315.
If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above $2,343.00.
Spot gold closed slightly down 0.2% on Tuesday at $2,322.03.
Gold prices closed below $2,325.90 per ounce yesterday, which makes the corrective bearish trend still valid for some time to come. Currently waiting for gold prices to fall towards the next correction target of $2,280 per ounce.
The stochastic indicator is currently sending a clear negative signal, which supports the return of gold prices to the expected decline. Additionally, the 50-period exponential moving average (EMA) is creating bearish pressure. It should be pointed out that if gold prices break through $2343.00, this will stop the bearish correction and push gold prices back to the main bullish trajectory.
Gold prices today will be between the support level of $2,295.00 and the resistance level of $2,335.00.
The expected trend for gold prices today is bearish.
Trading idea: Trade short gold after the rebound
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交易進行:
Gold prices today will trade between support at $2,295.00 and resistance at $2,335.00.
交易進行:
Gold is currently in a narrow range, and you can leave the market after making a profit of $10.
交易進行:
Gold is now in a choppy decline
交易進行:
Gold has rebounded and is now at $2,327, where it can be traded
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After the gold price shot up to US$2,337, it began to fall back to US$2,321. It was supported by the bottom and settled at US$2,324 for the time being.
交易進行:
Now that gold is in a rebound trend, you can try to go long below 2325.You can take profit and leave the market promptly when you make a profit of 3-5 US dollars.
交易進行:
Take a long trade at $2325 and have made $5 profit
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The current trading strategy is to exit the market with a profit, which is the wisest approach.
交易進行:
Gold is currently in a state of adjustment. We can wait and see for a while, and we can go long gold when it falls to a low point.
交易進行:
We can go long below 2320 and leave the market promptly after making profit.
交易進行:
Gold is currently in a slight decline and is about to bottom out
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Gold has fallen from the highest point of 2337 US dollars to 2315 US dollars. There is still room for decline. Radicals can go long here.
交易進行:
Gold has fallen from the highest point of 2337 US dollars to 2315 US dollars. There is still room for decline. Radicals can go long here.
交易進行:
As I predicted, gold rebounded after hitting bottom
交易進行:
Now that gold is bouncing higher, we can trade short above 2320
交易進行:
The market trend is consistent with my prediction. Now the gold price has reached a relatively high level. You can add short positions here.
交易進行:
Gold is currently oscillating within a narrow range around $2,325. We can now observe the market trend and then make a judgment for trading.
交易進行:
Data release is negative for gold, but market volatility is relatively large, so trade with caution
交易進行:
Gold prices are now rebounding higher after hitting a low of $2,313
交易進行:
Gold surged to $2,344 and has now fallen back to $2,330 levels
交易進行:
The price of gold is now trading within a narrow range of $2,330. We can wait and see how the market changes before trading.
