It is not difficult to see from the golden hour chart that gold has rebounded from the high in early trading to the 2305 line below. Although the market has fluctuated a little weaker, we can clearly see that during the decline of the market, the main bulls have continued to increase their positions and have strengthened. , which shows that this wave of decline at noon is a temptation move, and the market will continue to return to the volatile market. In the short term, we will continue to focus on the top of 2338 and 2359, and the bottom will continue to focus on the support of 2311 and 2305.
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Focus on the next support level of 2305.
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Judging from the current market trend, gold is suppressed by the 2330-35 line at the top and is supported by the 2312-13 line below. It is in a range. In the evening, it is still mainly short selling under pressure above the rebound. The rebound is short at the 2328-2335 line, with the target of 2300-2312.
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The first resistance is the 2350 area. If it stands above this area, it will open up further upside space and the next target is the 2390 area.
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2330 turns into a support level. If it remains above 2330, it will continue to be bullish. If it falls below 2330, it will rebound and be bearish.
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If it continues to remain above the 2330 area, it means that its trend is still on the upward side.
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