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After opening on Friday morning, it started to rise directly. The opening was the low of the day and continued into the European session, reaching the highest point near 3340-45, which was also close to the previous high point. After touching this position, the bears also ushered in a symbolic correction and tried to test the position above 30 many times. However, it finally catered to the strength of the bulls and began to break through in the US session, reaching the highest point near 3369, and also pierced the previous high of 3365 for the first time, and then retreated and corrected again. The daily line also closed in the form of a large positive line with an upper lead. The gold hourly line continued to diverge from the golden cross upward bullish arrangement. The gold bullish strength is still there, and the gold moving average support has also moved up to around 3320-25. After gold broke through the 3345 line on Friday, it rose all the way, reaching the highest point of 3369. We continue to be bullish on gold when it falls back to the 3320-25 line next week. The short-term 3320-25 line of gold has formed a strong support, and gold will continue to buy on dips when it falls back next week. If your current gold operation is not ideal, I hope Yulia can make your investment smooth. Welcome to communicate with us!
From the 4-hour analysis, the support below is around 3320-25, and the short-term bullish strong dividing line is around 3365-3370. The overall low-multiple bullish rhythm remains unchanged. Before the daily level falls below the 3300 mark, any retracement is a long opportunity. Be cautious about short positions against the trend.
Gold operation strategy:
Gold retracement 3320-25 line long, stop loss 3313, target 3365-70 line, break and continue to hold
After opening on Friday morning, it started to rise directly. The opening was the low of the day and continued into the European session, reaching the highest point near 3340-45, which was also close to the previous high point. After touching this position, the bears also ushered in a symbolic correction and tried to test the position above 30 many times. However, it finally catered to the strength of the bulls and began to break through in the US session, reaching the highest point near 3369, and also pierced the previous high of 3365 for the first time, and then retreated and corrected again. The daily line also closed in the form of a large positive line with an upper lead. The gold hourly line continued to diverge from the golden cross upward bullish arrangement. The gold bullish strength is still there, and the gold moving average support has also moved up to around 3320-25. After gold broke through the 3345 line on Friday, it rose all the way, reaching the highest point of 3369. We continue to be bullish on gold when it falls back to the 3320-25 line next week. The short-term 3320-25 line of gold has formed a strong support, and gold will continue to buy on dips when it falls back next week. If your current gold operation is not ideal, I hope Yulia can make your investment smooth. Welcome to communicate with us!
From the 4-hour analysis, the support below is around 3320-25, and the short-term bullish strong dividing line is around 3365-3370. The overall low-multiple bullish rhythm remains unchanged. Before the daily level falls below the 3300 mark, any retracement is a long opportunity. Be cautious about short positions against the trend.
Gold operation strategy:
Gold retracement 3320-25 line long, stop loss 3313, target 3365-70 line, break and continue to hold
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Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.