On Thursday, gold in the US market rushed upward. The price broke through the high point of 2956 and accelerated to rise. The current highest point is 2990. This position is 100% of the previous round of rise and expansion. It belongs to the resistance area. Pay attention to whether it can suppress the bulls. The amplitude after breaking the high is larger than expected!
After gold broke through the previous high of 2956 yesterday, the gold bulls were strong, and it was no longer the same volatile market as before. The gold bulls began to exert their strength!
In the short term, the current increase has been more than 50 US dollars. It is obviously very risky to chase more. Shorting is also against the trend. The trend belongs to the bulls. The gold 1-hour moving average continues to cross upward and the bulls are arranged and diverge. The gold bulls are in high spirits. Gold is likely to set a new record high again and go to the 3000 line. Then there is an obvious trend change. The only way is to follow the trend and go long. Going with the trend is light and fluttering, and going against the trend is messy.
Key points:
First support: 2972, second support: 2963, third support: 2956
First resistance: 2998, second resistance: 3008, third resistance: 3018
Operation ideas:
Buy: 2970-2973, SL: 2962, TP: 2990-3000;
After gold broke through the previous high of 2956 yesterday, the gold bulls were strong, and it was no longer the same volatile market as before. The gold bulls began to exert their strength!
In the short term, the current increase has been more than 50 US dollars. It is obviously very risky to chase more. Shorting is also against the trend. The trend belongs to the bulls. The gold 1-hour moving average continues to cross upward and the bulls are arranged and diverge. The gold bulls are in high spirits. Gold is likely to set a new record high again and go to the 3000 line. Then there is an obvious trend change. The only way is to follow the trend and go long. Going with the trend is light and fluttering, and going against the trend is messy.
Key points:
First support: 2972, second support: 2963, third support: 2956
First resistance: 2998, second resistance: 3008, third resistance: 3018
Operation ideas:
Buy: 2970-2973, SL: 2962, TP: 2990-3000;
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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.
🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.