Gold Analysis and Signals

Gold closed above 2630. The daily line continued to rise and re-stood on the MA10 daily average of 2625. The hourly and four-hour moving averages opened upward, and the price ran along the middle and upper tracks of the Bollinger Bands. The idea of ​​gold remains unchanged, and we continue to see fluctuations, sell high and buy low!

Gold fell after rising in the US market yesterday, with very small fluctuations, but there was no strong breakthrough at high levels. On the surface, it broke through the previous high of 2633 in 1 hour, but gold did not stand firm, and it fell back at any time and fell below the previous high of 2633 again. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured, at least the market is not a unilaterally strong market!

First support: 2627, second support: 2621, third support: 2610

First resistance: 2641, second resistance: 2652, third resistance: 2666

Trading strategy:

BUY: 2621-2623

SELL2641-2643