Waiting for the gold price to test 3300
At present, the gold price has accelerated to a new high of 3300 points.
As shown in the figure.
Through the four-hour cycle, the following conclusions can be drawn:
1: The gold price has completely lost control and is in an accelerated rise stage.
2: The next target is 3400 points.
Since the V-shaped reversal has been formed, we will position 3400 points as the next trend target.
If the target is broken directly, 3400 is a normal rise expectation, and 3300 as the middle area will definitely form a blocking effect.
3: Don't blindly guess the so-called top. This is not a guess. All we can do is follow the trend.
4: Next we have only one strategy, that is, to go long at a low price.
5: We must wait for a new top structure and see an obvious big waterfall market.
Only in this way can we execute the long strategy more safely.
6: Current support level: 3250---3280
So the next step is to wait, wait for the pressure level near 3300 to be fully tested, and wait for the formation of a local top structure.
Whenever a big waterfall appears, it is an opportunity to enter the market.
At present, the gold price has accelerated to a new high of 3300 points.
As shown in the figure.
Through the four-hour cycle, the following conclusions can be drawn:
1: The gold price has completely lost control and is in an accelerated rise stage.
2: The next target is 3400 points.
Since the V-shaped reversal has been formed, we will position 3400 points as the next trend target.
If the target is broken directly, 3400 is a normal rise expectation, and 3300 as the middle area will definitely form a blocking effect.
3: Don't blindly guess the so-called top. This is not a guess. All we can do is follow the trend.
4: Next we have only one strategy, that is, to go long at a low price.
5: We must wait for a new top structure and see an obvious big waterfall market.
Only in this way can we execute the long strategy more safely.
6: Current support level: 3250---3280
So the next step is to wait, wait for the pressure level near 3300 to be fully tested, and wait for the formation of a local top structure.
Whenever a big waterfall appears, it is an opportunity to enter the market.
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create wealth
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.
Free signal: t.me/+o41UC5o15H8zNTcx
Professional trader
love life
enjoy trading
create wealth
Professional trader
love life
enjoy trading
create wealth
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.