https://www.tradingview.com/x/yshpNqFE/
Yesterday, gold prices initially declined before rising, then faced pressure, then fell back and fluctuated downward, breaking through the bottom. Gold prices opened sharply higher in the Asian and European sessions, then accelerated higher in the European session, breaking through the 3358 mark before falling back under pressure and rapidly declining. The US session saw a series of declines, breaking through the 3340 mark and then moving sideways. The closing price remained below 3340. The daily K-line chart showed a hanging-neck middle-yin pattern after a breakout. Overall, gold prices remain under pressure, maintaining a bearish and volatile trend. Focus on a breakout above 3330, the first downside line. From the 4-hour analysis, today’s upper short-term resistance is around 3350-55, and the lower support is around 3325-30. The overall support is to maintain the main tone of high-altitude participation and wait patiently for key points to enter the market. I will provide detailed trading strategies during the trading session, so please stay tuned.
Gold Trading Strategy:
Short gold on rebounds to the 3350-55 level, and cover short positions at 3365-73. Stop loss at 3384, target 3325-3330. If it breaks, look for support at the 3300 level.
