XAUUSD: Gold looks to rebound, Buy@1970
Updated
I said on Monday that the current gold price has entered a volatile trend, and now it is in the stage of rebounding and rising during the shock. Now that it has encountered support below, I think it is bullish to buy. You can use it as a reference to make your own decisions.
Gold is undergoing a shock adjustment, not a decline! So it is very normal for prices to rise one day and fall one day! The range of the shock is between the 4-hour Bollinger upper and lower rails, which is within the 1950-90 area!
Now that we have support, we can continue to be long and bullish! The current price of the European market is directly bullish, and the upward pressure continues to be 1982. After the breakthrough, it is bullish to 1990!
Gold is undergoing a shock adjustment, not a decline! So it is very normal for prices to rise one day and fall one day! The range of the shock is between the 4-hour Bollinger upper and lower rails, which is within the 1950-90 area!
Now that we have support, we can continue to be long and bullish! The current price of the European market is directly bullish, and the upward pressure continues to be 1982. After the breakthrough, it is bullish to 1990!
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Notice: Successfully reached TP1982. Congratulations to all friends who followed the strategy. From 1970-1982, our profits were very good.
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