Gold falls as expected, profits 20$

3月24日

✅The gold price rose to 3033 (Fibonacci 61.8% retracement level) during the European session and then fell back quickly, confirming the exhaustion of short-term rebound momentum and forming a secondary high point structure.

✅The current price is running below the short-term moving average system (MA5/MA10), and MA5 crosses below MA10 to form a dead cross, and the technical short position is strengthened.

🔴Resistance level: 3020-3025 (MA20 moving average + previous high and low overlap) constitutes a dense selling pressure area;
🟢Support level: 2999-2980 (Friday's low + weekly neckline) is the last line of defense for bulls. If it is lost, the downward space will be opened to the 2950-2930 area.

✅Trading strategy:
Short: Short in batches when the price rebounds to around 3016-3020, stop loss 3055, target around 3005-3000, break to see 2890
Long: Long in batches when the price falls back to around 2990-2893, target around 3000-3005, break to see 3010

🔹Trading strategies are time-sensitive. We will provide VIP members with real-time and accurate trading strategies based on market changes. Stay tuned🤝

3月25日

交易進行

✅Key price reference during the Asia-Europe session

🔴Upper resistance level: 3020-3025

🟢Lower support level: 2999-2980