Long

Gold Trading Strategy, May 20-21

📊Gold broke through the shock box range during the US trading session, and the price rose rapidly, breaking through the key resistance levels of 3252 and 3265, showing a significant increase in bullish momentum. At present, the daily cycle has reached the pressure position of the middle track of the Bollinger Band, but the trend is still dominated by bulls. The previous important resistance of 3252 has turned into a support level. If the daily line continues to close strongly and forms a real positive line to cover the previous consolidation K-line pattern, the bullish trend may continue.

📊The 1-hour moving average system presents a golden cross upward divergence pattern, indicating that the short-term bullish power is fully released. After breaking through the previous shock top area 3260, it stepped back to confirm the support, and the trend rhythm entered a strong upward channel. Combined with the calculation of the previous rising band, the subsequent target is expected to reach 3300-3330 or even higher.

📊The current market has completed an effective breakthrough. In terms of operation, we should follow the trend and do more on the callback. Do not blindly chase highs. Focus on the effectiveness of the support in the 3255-3260 area. If the price does not break and stabilizes after a pullback, it is a good opportunity to enter the market at a low level.

GoldTradingMasterMentor

✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟎%-𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟔𝟎%-𝟖𝟓%🔥
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