On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains.
Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.
Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.
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The data released by the United States today will have a greater impact on gold. Join my channel and I will share trading signals.
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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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