✅After the gold price broke through the historical high, the technical side officially established a bull-dominated pattern. The current price is stable above 2790, which has been transformed from the previous resistance level to the short-term key support, forming a long-short watershed.
✅4-hour chart: The price moves along the Bollinger Band track, the channel opening expands, the moving average system (5th, 10th, and 20th) is arranged in a long position, and there is no obvious divergence signal during the correction.
✅1-hour chart: It rebounded quickly after a short-term retracement of 2790, indicating that the market has a high degree of recognition of the support level, and bulls are actively taking on funds during the correction.
🔴Upper resistance: 2817-2820
🟢Lower support: 2790-2792
✅Intraday Trading strategy:
🔶GOLD SELL: 2817-2820
🔰TP1: 2810
🔰TP2: 2800
🔰TP3: 2795 OPEN~
🔶GOLD BUY: 2792-2795
🔰TP1: 2805
🔰TP2: 2810
🔰TP3: 2815 OPEN~
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