Gold technical chart daily pressure is 2040, with support below 1978-1950
The four-hour pressure is 2000, and the lower support is 1955
One-hour pressure is 1988, support below is 1955
You can consider selling first after today's rebound, but you should note that today's Powell's speech may make gold rebound to around 2000, but as long as the price is still below the 2000 mark, it will still be a short trend.
✅Operation suggestions:
SELL: Around 2000, target 1990~1955
SELL: Around 2010, target 1990~1955
SELL: Around 1990, target 1980-1955
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
The four-hour pressure is 2000, and the lower support is 1955
One-hour pressure is 1988, support below is 1955
You can consider selling first after today's rebound, but you should note that today's Powell's speech may make gold rebound to around 2000, but as long as the price is still below the 2000 mark, it will still be a short trend.
✅Operation suggestions:
SELL: Around 2000, target 1990~1955
SELL: Around 2010, target 1990~1955
SELL: Around 1990, target 1980-1955
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
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