Gold trend analysis
Gold Technical Analysis:
Resistance: 2685, 2690
Support: 2625, 2620
From the current market point of view, the monthly line rose sharply after falling, still rose sharply. The price is far from the moving average and needs a correction. The daily chart price is below the 5-day moving average and is supported by the 10-day moving average. The trend has not turned, but weak shorts have emerged. Further declines are expected today after correcting the 10-day moving average.
It continued to fall yesterday, but not today.
From the current market trend, short-term support below 2625-2620, pressure above 2647-2650continue to rely on this range to sell high and sell low, patiently wait for the key point into the market.
Resistance: 2685, 2690
Support: 2625, 2620
From the current market point of view, the monthly line rose sharply after falling, still rose sharply. The price is far from the moving average and needs a correction. The daily chart price is below the 5-day moving average and is supported by the 10-day moving average. The trend has not turned, but weak shorts have emerged. Further declines are expected today after correcting the 10-day moving average.
It continued to fall yesterday, but not today.
From the current market trend, short-term support below 2625-2620, pressure above 2647-2650continue to rely on this range to sell high and sell low, patiently wait for the key point into the market.
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