Gold fluctuated slightly, retreating to low-multiple operations

📌 Gold news

During the North American trading session on Wednesday, gold prices remained stable, rising by more than 0.30% as easing tensions between Israel and Iran boosted risk sentiment. Meanwhile, disappointing US housing data may prompt the Federal Reserve (Fed) to take action in the future. However, Fed Chairman Jerome Powell's continued tough stance has limited further upside for gold.



📊Comment analysis
Gold fluctuated in a small range yesterday, and the daily line closed with a positive cross star.

Daily support is around 3327-3324, and you can go long if you touch it.
Daily resistance is around 3368, and you can go short if you touch it.
If the market goes down to yesterday's low, the bottom continues to look near this week's low, and I am more inclined to be bullish

💰Gold operation strategy

If gold is close to 3327, you can go long, with a target of 3345.

Look for opportunities to short around 3350-3360, with a target around 3330.

I hope Labaron's article can help you with your investment. If you don't understand something, you can find me. I am not only a mentor, but also a friend worth making in your life.

⭐️ Note: Labaron hopes that traders can properly manage their funds

- Choose the number of lots that matches your funds