A pullback will be an opportunity to go long gold!
Updated
Dear friends, gold has rebounded to a high of around 2394 in the short term, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading near 2388, so does gold still have the strength to conquer 2400 or even higher?
https://www.tradingview.com/x/N2bPxCfZ/
Although gold has stopped below the 2400 position many times in the short term, gold has shown great resilience in the process of falling back. Moreover, as gold continues to test support, the lows below are gradually moving upward, continuously consolidating and strengthening the support strength below. With continuous testing, the current short-term support has moved up to the 2380-2375 area. Therefore, I think gold's short-term pullback happens to be a relatively healthy trend, laying a solid foundation for sprinting to the 2400 position, and it is even possible to hit a higher position.
Therefore, in terms of trading, I still believe that the short-term fall in gold will be a good opportunity to go long in gold. I still maintain the main trading rhythm of going long on dips. In the short term, I will mainly focus on the support in the 2380-2375 area. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
https://www.tradingview.com/x/N2bPxCfZ/
Although gold has stopped below the 2400 position many times in the short term, gold has shown great resilience in the process of falling back. Moreover, as gold continues to test support, the lows below are gradually moving upward, continuously consolidating and strengthening the support strength below. With continuous testing, the current short-term support has moved up to the 2380-2375 area. Therefore, I think gold's short-term pullback happens to be a relatively healthy trend, laying a solid foundation for sprinting to the 2400 position, and it is even possible to hit a higher position.
Therefore, in terms of trading, I still believe that the short-term fall in gold will be a good opportunity to go long in gold. I still maintain the main trading rhythm of going long on dips. In the short term, I will mainly focus on the support in the 2380-2375 area. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
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