The key to the short-term trend of gold lies in the rising channel of the technical aspect. The hourly chart shows that the price is running along the trajectory of gradually rising lows. In this form, the upward momentum is stronger. When the trend is upward, any pullback is a signal of bullish accumulation, which is a good time to enter the market and do more. In a strong market, the pullback range is often limited, and it is more of a short-term bullish pullback to accumulate power. The current key pressure above is in the 3355-3360 first-line range. If the price can break through and stabilize this level, the rising rhythm will most likely accelerate. At this time, the operation does not need to be complicated, just follow the trend: try to go long with a light position when stepping back, and you can cover your position according to the situation after breaking through, so that profits can grow naturally in the continuation of the trend. Remember, the power of the trend is far greater than short-term fluctuations. Instead of worrying about whether it has risen too much, it is better to follow the trend and treat every pullback as an opportunity to confirm the trend.
The recommended strategy for gold remains unchanged: go long in the current price range of 3330-3325, stop loss 3320, target 3360
The recommended strategy for gold remains unchanged: go long in the current price range of 3330-3325, stop loss 3320, target 3360
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t.me/+8XRxoUJXG1ExMmFk
99% accurate signals, 100% weekly profit
99% accurate signals, 100% weekly profit
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.