Gold Spot / U.S. Dollar
Long
Updated

Gold is expected to hit 2930 again after gaining momentum

163
Bros, today gold continued to fall to around 2880, but I still insist on going long on gold. Don't give up on gold because of its band decline. I think this fall in gold may be the last opportunity for gold to fall before it rises, so I won't feel pessimistic because of this fall in gold.

Taking advantage of this decline opportunity, I have absorbed enough cheap chips. We can clearly see that although gold fell, it did not change its rising structure and did not break away from the rising trend; in addition, after gold rebounded from around 2832, there was not much room for correction, and this decline was obviously to cooperate with the low of 2832 to successfully build a "W" double bottom structure. This will form favorable conditions for breaking through the short-term resistance of 2930, and even lay the foundation for hitting the previous high near 2956.

This is why I still insist on going long on gold even when it is falling. If you are really scared by this decline, then I think you have missed the opportunity to go long on gold at a low point.

Bros, do you have the courage to go long on gold with me?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade active
Bros, gold has begun to rebound as expected and tried to stand above 2890. Once gold has completely stabilized above 2890, it will inevitably climb step by step to 2930. We have picked up a lot of cheap chips at a low price. Now all we need to do is wait for gold to gradually break upward and welcome the return of the gold king!

Bros, do you have the courage to go long on gold with me?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals

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.