Technically, the gold 1-hour moving average dead cross pattern has not been reversed, and the bearish momentum has not been exhausted; but the 4-hour KDJ indicator has shown signs of oversold repair, which may trigger a technical rebound. The upper resistance is currently at 3365-3370, and the lower support is at 3306-3300. In terms of operation, it is recommended to rebound high and go long as the main, and pullback as the auxiliary.
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Gold market trend analysis for FXOPEN:XAUUSD by JulietArmstrong
Technically, the gold 1-hour moving average dead cross pattern has not been reversed, and the bearish momentum has not been exhausted; but the 4-hour KDJ indicator has shown signs of oversold repair, which may trigger a technical rebound. The upper resistance is currently at 3365-3370, and the lower support is at 3306-3300. In terms of…
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