CFDs on Gold (US$ / OZ)Updated

Gold continues to rise, buy in time when the time is right

Follow the market data closely and seize the opportunity. If the gold price continues to rise and does not fluctuate much, you can buy directly. Once the correction is too deep and the decline is large, you need to stop loss in time, buy low and sell high to maximize profits. Remember not to be greedy and do not have a gambler's mentality. Look at the trend scientifically and rationally. The direction is more important than the position. Since May 2024, the gold price has been completely out of control and continues to rise. There may be fluctuations in the middle, but the general trend has been in an upward trend. The top of gold is not limited. Today, the New York market continues to be bullish. There is no highest, only higher. Breaking through 3000 is just around the corner.

The short-term 2830-2850 area has become a new strong support. The recent upward trend has been maintained and continues to be bullish. If the decline is not large, watch for opportunities to buy after the hourly line adjusts and falls. If the decline is stable, you can buy quickly, take the support level as a defensive position, and buy at the right time. Through the recent trend analysis, buy near 2840-2855. In short, buy at the right time and seize the opportunity. You must seize the opportunity. You will regret it if you miss the buying opportunity! !
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