Gold opened at 3382 today and rebounded to 3392 for a technical decline adjustment. So far, gold has hit a low of 3351. Currently, gold continues to fluctuate around 3360. We will pay attention to the support situation at 3345-50 below. If it does not break through, we will look for opportunities to go long.
Judging from the current trend of gold prices, the overall bullish trend remains, and there is still the possibility of further upward movement in the short term. The support below focuses on the 3345-3350 area, which is an important defensive position for short-term bulls. If it falls back to this area and stabilizes during the day, you can continue to rely on this position to arrange long orders, and the bullish thinking remains unchanged. Pay attention to the 3395-3400 first-line pressure above. If this range is effectively broken, the gold price is expected to hit the previous high and further open up the upward space. From the daily level, the market is still in the "low-long" rhythm of the trend, and it is expected to maintain a volatile upward trend in the short term. The recent market fluctuations are large. In terms of operation, it is necessary to strictly control the position and pay attention to risk prevention.
Gold operation strategy recommendation: Go long when gold falls back to 3345-3355, target: 3380-3390.
Judging from the current trend of gold prices, the overall bullish trend remains, and there is still the possibility of further upward movement in the short term. The support below focuses on the 3345-3350 area, which is an important defensive position for short-term bulls. If it falls back to this area and stabilizes during the day, you can continue to rely on this position to arrange long orders, and the bullish thinking remains unchanged. Pay attention to the 3395-3400 first-line pressure above. If this range is effectively broken, the gold price is expected to hit the previous high and further open up the upward space. From the daily level, the market is still in the "low-long" rhythm of the trend, and it is expected to maintain a volatile upward trend in the short term. The recent market fluctuations are large. In terms of operation, it is necessary to strictly control the position and pay attention to risk prevention.
Gold operation strategy recommendation: Go long when gold falls back to 3345-3355, target: 3380-3390.
Trade active
With the recent ups and downs in the market, and frequent switching between long and short positions, many investment friends are caught off guard or don’t know where to start. The price drops as soon as they buy in and rises as soon as they exit. They suffer continuous losses back and forth. In fact, this is the situation that many novice friends will encounter. Here I would like to tell you that you need to have a precise control of the market and stick to your own trading logic. Of course, these are empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them chase rising and falling prices, which leads to serious losses. ou don’t know when to enter the market and want to double your profits? As long as you persist, your weekly profits can reach more than 100-400% without complicated operations.Trade closed: target reached
Congratulations to the brothers who followed the plan. Gold received support in the 3345-3350 area as expected, triggering the long position layout. The current market is fluctuating upward, and the long position has steadily entered a profitable state. Continue to be bullish and wait for the arrival of the target of 3380. Follow up with risk control at the same time, and master the rhythm of exiting the market by yourself. Steady people can gradually reduce their positions and stop profits. Put the money in the bag.
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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.
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.