Overnight, stimulated by risk aversion, gold directly broke through the upper edge of the oscillation range, and gold bulls broke through upward. It continued to rush up in the morning today, and gold bulls continued to go long after stepping back; the current price of gold is 2940 and directly long!
The 1-hour moving average of gold is still a golden cross and the bulls diverge upward. After breaking through the box and oscillating, gold continued to rise in the morning today, and basically stood firm at the 2930 line. Gold retreated to 2930, which is an opportunity to buy on dips. Gold can go long around 2940 in the afternoon. If gold does not fall below 2930 again, then gold bulls will rise further and test the 2960 area.
Gold bulls are now ready to go, and are expected to be even better. In the end, gold bulls have the upper hand in the oscillation, so follow the pace of the bulls. Whether gold can break through the historical high again, we will wait and see!
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Strive for weekly trading profit: $40000, are you interested in joining this goal? Free signals in Telegram:
t.me/+alDpuIRD9vU4MWQx
t.me/+alDpuIRD9vU4MWQx
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.