The gold rate hike is in line with expectations, and the bulls m
Updated
After gold rose in line with expectations with the help of interest rate hikes, the bulls will continue to extend the previous wave of sharp rises, and the night operation will continue to remain low and bullish. For gold operation, it is recommended to buy in 1966, risk control in 1962, and target 1985-1990.
Gold is bullish for several reasons:
1. The V-shaped reversal of the gold daily line recovered most of the previous day's decline, and today it will continue to try to counterattack upwards.
2. According to my personal analysis, breaking through the previous high has formed a 5-wave push trend on the daily line. Currently, the sub-wave 5 of the fifth wave is rising. If it breaks through 1985, the bulls will be established. In case of failure, we need to pay attention to the possibility that all the rises will end.
3. The intraday pressure is 1985~1992, and the support is 1965~1961~1956.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Note
Gold hits our target on schedule
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