Long

Gold risks are increasing, and key signals need to be noted

There is a peak signal at the 4-hour level. Gold opened high to around 3438 and then fell back. So, today we should pay attention to whether there is a possibility of a mid-term peak. The support below is 3412 and 3404. If it falls below this area, it may retreat to below 3400. If 3400 stands firm, there is a chance to break through the resistance of 3439 again. But we cannot be overly bullish. Going long with the trend depends on the gains and losses of key points.

Key signal: short-term breakthrough of 3430, traders' long resistance target is 3443-3352.
If it fails to break through 3430, it is necessary to pay attention to the risk of falling retracement.

Note

Gold breaks through key resistance, next we need to focus on rising targets

Note

Goals 3343-3452 will be achieved.

Note

Gold encountered resistance at 3430 and retreated again to the effective support level of 3412. Market expectations are consistent with Henry's analysis, and gold will rise again.

Note

The resistance of 3430 in this plan did not stand firm, and it retreated to the support near 3404, falling by 25 US dollars per ounce. It fully meets the expected analysis. The conditions for short positions to achieve profits.

Note

When gold retreated and touched the support of the 3412-3404 area, the price began to rise. The current price is around 3418, and the long position has made a profit. Both long and short positions have achieved profits.

Note

The precise trading of gold long and short positions has achieved profits. Every precise analysis hopes to make the traders who pay attention to it profit. Pay attention or leave a message to make trading easier.

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