XAUUSD: Steady rise, continue to buy
Gold retreated on Friday, and now it has firmly established support and started to rebound again. Looking at the 4-hour trend, gold is still rebounding and rising, and the current correction is a normal adjustment after the rise, and it has just stepped back to the effective support position, unless Falling below 2010, the market resumes its downward trend! Or if today's rebound encounters resistance and cannot go up after 2030, then we can consider this rebound to be over!
Gold is still dominated by lows and longs now, and a pullback is just the opportunity to enter the market again and go long! The start of the interest rate cut cycle by the Federal Reserve is a big plus for gold bulls, and it is very likely to start a new upward trend! Breaking through the historical high is also a high probability, so gold is still mainly low and long.
Gold is still dominated by lows and longs now, and a pullback is just the opportunity to enter the market again and go long! The start of the interest rate cut cycle by the Federal Reserve is a big plus for gold bulls, and it is very likely to start a new upward trend! Breaking through the historical high is also a high probability, so gold is still mainly low and long.
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