Gold Spot / U.S. Dollar
Long
Updated

Gold prices rebounded after the Fed meeting!

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The trend of gold on Friday is still in line with my analysis. I will inform you that gold is mainly rebounding from the bottom on Friday. Don't chase the low position. As a result, gold hit the lowest level of 3340 and then fluctuated upward, reaching the highest level of 3374. It can be said that the market on Friday was not big, and it was mainly range-bound. We also went long at 3343-3345 and 3347-3353 many times, all of which ended with profit. Although there was no sudden increase of dozens of dollars, it was relatively satisfactory for Friday's market. I believe that friends who follow me can see that we will continue to go long next week. After all, the rebound trend on Friday still needs to continue next week. If your current gold operation is not ideal, I hope my article can help your investment. Welcome to communicate!

From the 4-hour analysis chart, the support below is around 3340-3345, and the short-term resistance above is around 3380-3385. Focus on the suppression of the 3408-3415 line. The overall trend remains unchanged, and the main tone of retracement and long participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time.

Gold will go long at the 3345-3353 line, with the target at the 3380-3383 line, and the break will look at the 3408-3415 line;
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