2.23 Gold will continue to rise on Monday
As shown in the figure:
Everyone can clearly understand
200MA support: 2797
100MA support: 2882
60MA support: 2918
The overall trend structure shows a pulsed rise
Gold prices did not fall sharply on Friday, and are still fluctuating in the high range: 2920-2940
Conclusion: If gold prices do not fall on Friday, it means an increase
Then there is a high probability that they will continue to rise on Monday
From the perspective of the 4-hour cycle structure, it is expected to fall back to around 2920
So our strategy for next Monday is
After testing the pressure near 2920, continue to maintain a low-price long strategy
Target 2960--3000
Summary of this Friday's trend: Inducing a short-selling trend, the market continues to be bullish in the future
Fundamentals:
The most boring question, the most direct answer
No matter what problems occur in the future
1: Interest rate cut problem
2: War problem
3: US debt problem
4: Musk: Where did gold go?
5: Economic stagflation
......
Overall conclusion: Gold is looking at 3000+ in the future
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.