Gold tested the support of 2985-2975 again during the correction process, but did not fall below this area during the test. Combined with the structural lows of gold yesterday, they were 2970 and 2956. Today, gold did not fall below 2970, so it is very likely that gold will form a head and shoulders bottom pattern at the technical level, which will help gold to continue its rebound momentum with this strong technical support!
So I think the short-term decline of gold is not a risk for us, but the best gift for us. So I advocate going long on gold from now on. After gold repeatedly tests the support, it will rise to the 3030-3040 area without hesitation.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
So I think the short-term decline of gold is not a risk for us, but the best gift for us. So I advocate going long on gold from now on. After gold repeatedly tests the support, it will rise to the 3030-3040 area without hesitation.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Trade active
Bros, gold rebounded to around 3010 as expected. Our gold long positions have made very considerable profits. Have you followed my trading strategy to go long on gold?The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Trade closed: target reached
Gold is now exactly as I expected, rising to the 3030-3040 area. Have you seized the opportunity to go long on gold?The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
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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.