Gold Spot / U.S. Dollar
Long
Updated

Gold fluctuates and rises, breaks out, rebounds and goes short

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As the continuous rise of gold fully demonstrates that short-term bulls take the initiative, this will undoubtedly increase the probability of gold prices hitting the 3070-3080 area, but we also need to be prepared for a false break or a real break in the market.In the 4-hour period, since stabilizing above the 3,000 mark, gold has maintained a bullish trend and continued to hit new highs.Therefore, we continue to be bullish in the 4-hour period, but we must also be wary of the risk of a pullback.On the whole, the short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds.
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