Gold is still bullish overall. Although the K-line on Friday once reached around 2363, the big positive line then took a step to near 2400. This is obviously a bullish pattern, and the K-line has been fluctuating upwards recently, and 2370 has become more solid. The bottom is more stable
The gold daily level is also a strong bull. No matter how the K line falls, the K line can close the Yang line. This is the behavior of the market. At the same time, the K line is always above the moving average, and the support level continues to rise.
Trading strategy: Go long near gold 2368, stop loss 2358, take profit 2380
Note
The overall thinking for gold this week is still bullish
Note
It is normal for gold to fall back, at least it is still above the support, so you can directly place long orders with light positions.
Note
Note
Gold long orders are making profits
Note
If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day
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.