Gold Spot / U.S. DollarUpdated Gold price on Monday: 2760-2790 low price long
Gold price on Monday: Go long at low price in the range of 2760-2790
Technical analysis of gold:
The recent trend of gold price is in line with our expectations. It has fallen back and risen many times during the period. Recently, it has been emphasized many times that the 2790 line is the final goal, which is getting closer and closer!
The gold bull market channel remains unchanged:
The trend continues to rise, and the trend is corrected at the same time. (As shown in the figure)
Monday: There is a high probability of breaking through the high point momentum.
If Monday continues to hold above the high point of 2785, then Monday's high point will also rush directly to 2790! Continue to fall back and go long during the period!
Gold is running in the 4-hour rising channel, which is also a step-up rising channel.
This Friday, it stepped back close to the critical point of the Bollinger middle rail. In the one-sided market, the Bollinger middle rail is the dividing point between strength and weakness. Keep the middle rail and look long. Yesterday, it fell back to the middle rail perfectly, which is equivalent to a perfect opportunity to enter the market. The strong market is afraid of not giving the opportunity to enter the market.
As long as there is a retracement, there is an opportunity.
Recent continuous lows and longs have also made us a lot of money!
Because the gold price has adjusted in the process of falling at the end of Friday, and this wave of rise will also be a new wave of rising tide, gold will inevitably rise and break through the previous high of 2789, and move to a higher point!
Overall:
Gold price recommendation on Monday:
The short-term operation strategy of gold is mainly based on callback rebound. In the short term, pay attention to the resistance line of 2789-2798 above, and pay attention to the support line of 2765-2760 below.
Just look for low prices to go long.
I will still announce the specific operation signals in due time below the article.
If you agree with my analysis, you can leave a message to discuss, and I will reply one by one.
Technical analysis of gold:
The recent trend of gold price is in line with our expectations. It has fallen back and risen many times during the period. Recently, it has been emphasized many times that the 2790 line is the final goal, which is getting closer and closer!
The gold bull market channel remains unchanged:
The trend continues to rise, and the trend is corrected at the same time. (As shown in the figure)
Monday: There is a high probability of breaking through the high point momentum.
If Monday continues to hold above the high point of 2785, then Monday's high point will also rush directly to 2790! Continue to fall back and go long during the period!
Gold is running in the 4-hour rising channel, which is also a step-up rising channel.
This Friday, it stepped back close to the critical point of the Bollinger middle rail. In the one-sided market, the Bollinger middle rail is the dividing point between strength and weakness. Keep the middle rail and look long. Yesterday, it fell back to the middle rail perfectly, which is equivalent to a perfect opportunity to enter the market. The strong market is afraid of not giving the opportunity to enter the market.
As long as there is a retracement, there is an opportunity.
Recent continuous lows and longs have also made us a lot of money!
Because the gold price has adjusted in the process of falling at the end of Friday, and this wave of rise will also be a new wave of rising tide, gold will inevitably rise and break through the previous high of 2789, and move to a higher point!
Overall:
Gold price recommendation on Monday:
The short-term operation strategy of gold is mainly based on callback rebound. In the short term, pay attention to the resistance line of 2789-2798 above, and pay attention to the support line of 2765-2760 below.
Just look for low prices to go long.
I will still announce the specific operation signals in due time below the article.
If you agree with my analysis, you can leave a message to discuss, and I will reply one by one.
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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.