From a macro perspective, the daily chart gold price has formed a lasting upward trend since the low of $2536, with the highest price at $3357.8, which is significantly higher than all major moving averages, indicating that the long-term bullish momentum is still strong. The MACD indicator golden cross pattern on the daily chart continues to develop, indicating that the long-term trend momentum is still upward.
This year, the upward trend cannot be changed. If there is a callback squat or sideways consolidation, it is a bullish opportunity; then once it continues to rise today, the retracement above 3315 is a buying opportunity. As for where the target is, the monthly chart is calculated to be around 3444, which is also the target of the next stage.
Gold has been crazy recently, and gold bulls have been rising all the way. Every day when I wake up and open it in the past two days, it is a new high. The strength of gold bulls is very strong.
The 1-hour moving average of gold continues to form a golden cross with upward bullish divergence. It is difficult for the strong gold bulls to have a big correction. After gold began to fall back and fluctuate near 3315 yesterday, the gold US market continued to break upward directly, so the short-term 3315 of gold formed support again, and gold fell back to 3315 and continued to buy on dips.
Before there are no particularly obvious signs of a sharp decline, buying on dips has become our only choice, and it is also the best and safest choice! While looking at the bulls, pay attention to the opportunity to fall back. Unless the strength is suddenly strong at that time, don't easily chase the high position. Wait patiently for the opportunity to fall back. How long can the gold bulls be crazy? Don’t guess the top when it goes up, no one knows this. Since gold is so crazy, all we have to do is follow it. It is difficult for gold to fall sharply before there is a large-scale short signal!
Key points:
First support: 3315, second support: 3294, third support: 3246
First resistance: 3360, second resistance: 3377, third resistance: 3386
Operation ideas:
Buy: 3317-3320, SL: 3308, TP: 3340-3350;
Sell: 3387-3390, SL: 3398, TP: 3370-3360;
This year, the upward trend cannot be changed. If there is a callback squat or sideways consolidation, it is a bullish opportunity; then once it continues to rise today, the retracement above 3315 is a buying opportunity. As for where the target is, the monthly chart is calculated to be around 3444, which is also the target of the next stage.
Gold has been crazy recently, and gold bulls have been rising all the way. Every day when I wake up and open it in the past two days, it is a new high. The strength of gold bulls is very strong.
The 1-hour moving average of gold continues to form a golden cross with upward bullish divergence. It is difficult for the strong gold bulls to have a big correction. After gold began to fall back and fluctuate near 3315 yesterday, the gold US market continued to break upward directly, so the short-term 3315 of gold formed support again, and gold fell back to 3315 and continued to buy on dips.
Before there are no particularly obvious signs of a sharp decline, buying on dips has become our only choice, and it is also the best and safest choice! While looking at the bulls, pay attention to the opportunity to fall back. Unless the strength is suddenly strong at that time, don't easily chase the high position. Wait patiently for the opportunity to fall back. How long can the gold bulls be crazy? Don’t guess the top when it goes up, no one knows this. Since gold is so crazy, all we have to do is follow it. It is difficult for gold to fall sharply before there is a large-scale short signal!
Key points:
First support: 3315, second support: 3294, third support: 3246
First resistance: 3360, second resistance: 3377, third resistance: 3386
Operation ideas:
Buy: 3317-3320, SL: 3308, TP: 3340-3350;
Sell: 3387-3390, SL: 3398, TP: 3370-3360;
Trade active
This strategy has risen 80 pips. Protect your profits. Protect your profits. Buyers and sellers are in a tug-of-war, and the trend may change at any time.Note
The Asian session buy signal rose to 3325.Gold now continues to maintain a high level of strength, and gold is still in a bullish trend. The short-term correction does not change the upward trend of gold. The decline of gold is an opportunity to go long. Gold European session 3310~3015 directly long!
Don't ask me where gold will rise, all we have to do is follow the trend.
The 1-hour moving average of gold is still a bullish arrangement with a golden cross diverging upward. The strength of gold bulls is still there. Although gold seems to fall fiercely in the Asian session, gold has gained support near 3315 and moved upward again. The current rhythm of gold is to buy after falling back, which is suitable for short-term trading and quick in and out.
Selling guide: If it falls below 3300, sell it and open the falling space to 3280~3250;
Buy: 3315-3310, SL: 3300, TP: 3330-3340;
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
Related publications
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.