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What is the meaning of the first support level and the second support level in gold, what is the meaning of the resistance level, and how to operate the first and second?
Hello, for example, the current price of gold is $65,438+000. Support level is the point that supports the price upward without letting the price fall below. For example, the first support level is $95, which means that if the price of gold falls below 95, it will be a point to support the price without letting it fall. For example, the second support level is $90. When the price has fallen below the first support level "95", the further decline depends on the second support level to support the price increase, which is the support level and the resistance level. That is to say, when gold rose to 105 USD, it had fluctuated at the price of 105 for some time, but it could not rise above the price of 105. This is the resistance level. What are the support and resistance levels of gold? Good luck.