Gold continued to fluctuate at a high level yesterday. During the U.S. trading session, speeches by Federal Reserve personnel stimulated market expectations for the end of the Fed's interest rate hike cycle, causing gold to continue to rise higher and break through the pressure in 2020. The high point once stood above 2040, and the daily line closed at 2040. A real body saturates the positive line. The current trend of gold is fully in line with expectations. It is only a matter of time before it hits the historical high of 2070-80. Therefore, the intraday operation remains bullish.
The bulls in the gold 1-hour channel diverged strongly upward, hitting new highs in succession. As long as the low in the range of 2038 is not broken, the fall in gold is an opportunity to go long.
The bulls in the gold 1-hour channel diverged strongly upward, hitting new highs in succession. As long as the low in the range of 2038 is not broken, the fall in gold is an opportunity to go long.
Trade active
If SL is placed near the interval 2038, you can continue to buy gold.Trade active
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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.