Brief Comment on Gold Short-Term Trends
Gold has rebounded from the low point and the 1-hour chart is now fluctuating and consolidating around 4400.
4365 remains a key support level. Above it, 4487–4511 is a strong resistance zone.
If price can effectively break through 4487, there will be an opportunity to push further up toward 4511.
On the other hand, if it falls below 4365, the current upward structure will be broken and the market may probe lower further.
Key Levels:
Support: 4365
Resistance: 4487–4511
Personal view of the market, not investment advice
$BTC $ZEC $PONS #SideSwap暂停Liquid服务 #IMF称萨尔瓦多购币未用公共资金 #Zcash周涨45%创2016年来新高
Gold has rebounded from the low point and the 1-hour chart is now fluctuating and consolidating around 4400.
4365 remains a key support level. Above it, 4487–4511 is a strong resistance zone.
If price can effectively break through 4487, there will be an opportunity to push further up toward 4511.
On the other hand, if it falls below 4365, the current upward structure will be broken and the market may probe lower further.
Key Levels:
Support: 4365
Resistance: 4487–4511
Personal view of the market, not investment advice
$BTC $ZEC $PONS #SideSwap暂停Liquid服务 #IMF称萨尔瓦多购币未用公共资金 #Zcash周涨45%创2016年来新高
