BTC $64,015.00 ▲ 0.35% ETH $1,868.59 ▲ 0.21% USDT $0.9992 ▲ 0.03% BNB $592.90 ▲ 0.43% XRP $1.08 ▼ 0.33% SOL $73.76 ▲ 0.24% DOGE $0.0701 ▼ 0.19% SHIB $0.00000499 ▲ 2.33% PEPE $0.00000289 ▼ 0.14% BTC $64,015.00 ▲ 0.35% ETH $1,868.59 ▲ 0.21% USDT $0.9992 ▲ 0.03% BNB $592.90 ▲ 0.43% XRP $1.08 ▼ 0.33% SOL $73.76 ▲ 0.24% DOGE $0.0701 ▼ 0.19% SHIB $0.00000499 ▲ 2.33% PEPE $0.00000289 ▼ 0.14%
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Piyasa Regülasyon

Gold is highly likely to break through $4100 again.

Gold is highly likely to break through $4100 again.

Gold saw a strong rebound during the US session, and I believe the resistance in the 4080-4090 area is no longer strong. Therefore, we cannot adopt a second shorting strategy for gold. The timeliness of signals is crucial, and gold's short-term performance is very important.

Looking at the current gold price movement, it is highly likely to retest the resistance in the 4110-4120 area. Gold has clearly shown resilience. Furthermore, we can see that the support area for gold is constantly moving upwards. Today's key level is around 4042, and gold has been trading above this level, indicating that the lows are consistently rising.

Therefore, I believe a long position in gold is more reliable going forward. The potential for further gains is around 4052, with support in the 4050-4060 area. When gold retraces to this area, I believe it will be an opportunity to go long.

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