Gold still has room to rise after retreat!

Gold has been fluctuating at high levels recently, and the overall trend is still bullish. The pullback is an opportunity to go long, but don't chase the long position at high levels, and wait patiently for the opportunity to fall back.


At present, gold's upward momentum is intact, with short-term support at 2373, which is also the 5-day moving average. Stronger support is at 2362, which is yesterday's low.


In terms of operation, today it is recommended to continue to do long gold at 2373, 2375, and 2365, with the target of 2400, and to wait until 2420 is raised for short orders before considering.


Thank you for your suggestions for my analysis.

Zlecenie aktywne:

Adjustment completed, gold begins to rise

Zlecenie aktywne:

Gold is already in profit mode. I said gold will definitely reach 2400

Zlecenie aktywne:

At present, the short-term still maintains strong operation. Although it has not tested the high point again, the bulls will definitely set a new historical high again in the future as they gain momentum. Therefore, we continue to maintain the bullish idea of ​​mainly low and long.

Zlecenie aktywne:

You can TP in the appropriate location

Zlecenie aktywne:

After gold adjusts, it will start the next round of rising prices

Zlecenie aktywne:

That's right, gold has finished its adjustment and started to rise.

Zlecenie aktywne:

Gold shows an upward spiral. As long as the K-line falls back, a big positive line can be erected. This is the strength of the bulls.