Gold Spot
Long
Updated

Gold hits record high again

Good morning, everyone! A new week has begun. Please follow my analysis and make effective profits! Last week, although gold continued to hit new highs in the bullish trend, it also had a large room for decline every day. Therefore, the overall trend was a staged rise under extreme strength. This week is also the same. In the absolute bullish trend, pay attention to the continuous rise, but also pay attention to the daily decline that affects the trend. In addition, the international situation is not stable for the time being, geopolitical situations are frequent, and the economic environment is not good. Gold may be greatly affected and it is impossible to give a more accurate forecast. Therefore, everyone must control risks in trading and keep funds safe.

Gold technical analysis: Today, Monday, gold has once again hit a record high. As of now, gold has reached above 2898, and is only one step away from the 2900 mark. Gold is currently maintaining a strong oscillating trend in the daily trend. The daily K-line continues to run along the short-term moving average. The price shows signs of gradually moving out of the high-level oscillation range. There is no sign of peaking in the daily trend. Continue to look at the second rise.

In today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the 2908-2910 first-line resistance, and the bottom short-term focus is on the 2878-2880 first-line support.
Trade active
At present, gold can continue to go long at the 2890 level
Trade closed: target reached
At present, gold can continue to go long at the 2890 level
Note
Crude oil can continue to choose to short at high levels
Note
Gold is currently at the best entry point. Buy directly at 2900-05, with a target price of 2950. You can get the accurate trading strategy in my link.

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