Gold is expected to challenge the 2400 mark again, buy gold!
Updated
Dear friends, gold as a whole still maintains a high and volatile trend. On the short-term level, gold has fallen back to around 2363 after failing to break through 2390 many times. Will gold continue its downward trend and re-enter the short trend?
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In fact, judging from the current overall trend, the roller coaster pattern of wide market fluctuations has become the norm, but there is still strong support below during the pullback. The short-term level has successfully built a double bottom structure, laying a solid support foundation for the bottom. According to the gold structure, gold should still have room to rise, and the 2390 position is definitely not the end. Therefore, the short-term decline of gold is to better accumulate upward momentum, which is more conducive to gold's challenge to the 2400 mark again.
In addition, the situation in the Middle East is getting more and more intense. Although there are occasional calms, the market risk aversion will not disappear. Once the conflict in the Middle East escalates, it will lead to a surge in market risk aversion and stimulate the rise of gold!
Therefore, in the short term, whether from a technical level or a news level, gold bulls are still tenacious, so we should follow the trend in trading and seize the opportunity to go long gold when gold falls. From this, we might as well boldly go long gold in the 2370-2365 area, and then wait patiently for gold to rise and bring us considerable profits.
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/wINpI3mJ/
In fact, judging from the current overall trend, the roller coaster pattern of wide market fluctuations has become the norm, but there is still strong support below during the pullback. The short-term level has successfully built a double bottom structure, laying a solid support foundation for the bottom. According to the gold structure, gold should still have room to rise, and the 2390 position is definitely not the end. Therefore, the short-term decline of gold is to better accumulate upward momentum, which is more conducive to gold's challenge to the 2400 mark again.
In addition, the situation in the Middle East is getting more and more intense. Although there are occasional calms, the market risk aversion will not disappear. Once the conflict in the Middle East escalates, it will lead to a surge in market risk aversion and stimulate the rise of gold!
Therefore, in the short term, whether from a technical level or a news level, gold bulls are still tenacious, so we should follow the trend in trading and seize the opportunity to go long gold when gold falls. From this, we might as well boldly go long gold in the 2370-2365 area, and then wait patiently for gold to rise and bring us considerable profits.
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.
Trade active
For current trading, we can consider doing long gold appropriately in the 2370-2365 area, TP1:2380; TP2:2385Trade active
Gold is currently rebounding to around 2375. If you followed my long gold trading strategy, I believe you should have made a good profit now.Trade active
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Although the current momentum of gold is very weak, during the period of narrow fluctuations, gold constructed a short-term head and shoulders bottom pattern and tested support again. The current support area of 2370 is effective, which is a typical rising pattern.Trade active
Gold has now rebounded above 2375 again and our long positions have made good profitsTrade active
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Gold bulls make perfect profits again! For trading, I will still maintain the rhythm of falling back and doing long, and focus on the short-term support area of 2380-2375 below.
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