Today’s gold price: go long on dips
The price of gold has risen sharply today, with the current price at 3320.
Obviously, the strong gains during the European and American sessions did not give the opportunity to go long at the bottom during the Asian session.
Remember the plunge in the Asian market before the May Day holiday?
When Asian markets open tomorrow (Tuesday), gold prices will inevitably fluctuate at high levels.
Gold prices have risen nearly 100 points again from last Friday to today.
It is not difficult to analyze it next.
It will be a high probability event for gold prices to rise to 3500 points next week.
And I think it is unlikely to bring a buffer opportunity to the Asian session, which will be another precise financial blockade.
Next, pay attention to 3300 points.
This week's gold price strategy continues to return to low-priced longs.
This week's target expectation: 3400-3500+
Main support levels:
3260
3280
3300
As long as the gold price runs above these support levels, the intraday trading idea is still mainly to buy on dips.
Even if the gold price does not rise significantly, there is a high probability that it will return to the shock pattern of the 3260-3360 range.
Operation strategy:
Pay attention to the support level in the 3280-3300 range and wait for the gold price to pull back and go long on dips.
The price of gold has risen sharply today, with the current price at 3320.
Obviously, the strong gains during the European and American sessions did not give the opportunity to go long at the bottom during the Asian session.
Remember the plunge in the Asian market before the May Day holiday?
When Asian markets open tomorrow (Tuesday), gold prices will inevitably fluctuate at high levels.
Gold prices have risen nearly 100 points again from last Friday to today.
It is not difficult to analyze it next.
It will be a high probability event for gold prices to rise to 3500 points next week.
And I think it is unlikely to bring a buffer opportunity to the Asian session, which will be another precise financial blockade.
Next, pay attention to 3300 points.
This week's gold price strategy continues to return to low-priced longs.
This week's target expectation: 3400-3500+
Main support levels:
3260
3280
3300
As long as the gold price runs above these support levels, the intraday trading idea is still mainly to buy on dips.
Even if the gold price does not rise significantly, there is a high probability that it will return to the shock pattern of the 3260-3360 range.
Operation strategy:
Pay attention to the support level in the 3280-3300 range and wait for the gold price to pull back and go long on dips.
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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.
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.