From the perspective of the short-term trend hourly level, the gold price had a short correction during the strong rise last week, but it was quickly recovered and then went higher, so there is no obvious reference support level. Today’s overall trend is volatile. Without the influence of data and news, gold does not have the basis for a big rise or fall.
There are signs of a retracement, but it is also trading around 3200. Since it is a trend of high-level consolidation, we can continue to implement the idea of rebounding and shorting. So far, the price has maintained a relatively high level of 3193-3230 for repeated consolidation. Pay attention to the effective gains and losses of the MA10 daily moving average; if it cannot break through, it will continue to pull back in the short term and gradually move closer to the middle track; if the 1-hour candle entity cannot fall below the 3193 support, it will continue to consolidate at a high level.
Key points:
First support: 3210, second support: 3200, third support: 3192
First resistance: 3232, second resistance: 3246, third resistance: 3268
Operation ideas:
Buy: 3200-3203, SL: 3192, TP: 3220-3230;
Sell: 3245-3248, SL: 3257, TP: 3220-3210;