The 1-hour moving average of gold continues to spread upward, and the strength of gold bulls is still relatively strong. Gold's moving average support has now moved up to around 2983, and today's low for gold is around 2982, so gold still forms a strong support around here. I think gold can be shorted first, and then it can continue to go long if gold falls back around 2985
Note
I don’t think gold’s rise will be smooth, and gold will fluctuate repeatedly in this area.Note
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Gold's 5-minute chart fell rapidlyNote
Gold continues to fall, and our short order has made a profit of 10 pointsNote
Gold reaches near 2985, and our short order profits continue to expandNote
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I think gold can still be bought on dips above 2982Note
Our gold long order is profitable again by 14 pointsNote
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🔴I can help you with 10 years of trading experience
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t.me/Mentor45689
✅Finding an experienced professional trader would be a wise choice!
🔴I can help you with 10 years of trading experience
✅Finding an experienced professional trader would be a wise choice!
🔴I can help you with 10 years of trading experience
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.