The 1-hour moving average of gold is still in a bullish arrangement with a golden cross pointing upwards, and it is still diverging upwards without any signs of turning.
Therefore, the bullish momentum of gold remains. The support level of gold on the 4-hour chart is in the 3028 area. Today's trading strategy is to go long directly when the price retracts to the 3028 area.
XAUUSD trading strategy: buy@3028 TP:3045-3050
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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.