What is the price of gold on the first anniversary?

Medium-term outlook: The uptrend continues (price remains above the uptrend line).

Short-term outlook: Minor correction. Investors may be able to reap desirable profits and outperform the trend.

Note: If the horizontal/bearish trend continues within a narrow range within the wedge/triangle pattern, expect a breakout.

2️⃣Resistance

4.425 – 4.427: 0.5 + 0.618 + trend-irrelevant breakouts

4.452 – 4.454: Highest resistance level (previous divergence zone)

3️⃣ Support

4,300 – 4,302: Short-term support (short-term support within the wedge pattern)

4.275 – 4.277: Strong support (mid-term uptrend line + demand zone)

4️⃣ Main schedule

Priority: 4,425 – 4,427 After that, the number of participants will be 4,425 – 4,427.

Buy: Be prepared for the Japanese candlestick pattern to break through resistance and reach 4.425.

Risk: If the price falls below 4300, it may continue to fluctuate in the 4270-4280 range.

📌Trading strategies

Buy gold: 4300-4302

Price: 4390
Take profit: 100-300-500 points

Selling gold: 4425-4427

Sales: 4435
Take profit: 100-300-500 points