Gold 3000 finally arrived
Gold 3000 finally arrived
There is still room above 3000. Don't chase too hard if you don't see the waterfall.
After gold broke through the new high, the daily line closed with a big bald positive line, showing a strong bullish momentum.
The previous sideways consolidation provided sufficient power for the bulls, and the closing at a high level at the end of the day also indicated that the strong trend may continue, and further upward space can be expected.
Technical analysis:
4H cycle: gold prices are expected to rise further after the correction.
The key support below is near 2956.
1H cycle: The support level is near 2975, and support may be obtained at this position in the short term.
Upward target: The upper target can be seen at the 3000 point mark. It is not recommended to blindly guess the top and short in the short term.
Operation suggestions:
Entry point: Long near 2975.
Stop loss: set at 2967 to control risks.
Target: The first target is 2990, and the second target is 3000.
Risk warning:
Although the bullish momentum is strong, the market may pull back at any time, and the effectiveness of the support level needs to be closely monitored.
Do not blindly chase high prices, reasonably control positions, and strictly implement stop losses.
Overall: The short-term bullish trend of gold is relatively obvious, and the operation is mainly based on retracement and low-level longs, and pay attention to the breakthrough of key support and resistance levels.
There is still room above 3000. Don't chase too hard if you don't see the waterfall.
After gold broke through the new high, the daily line closed with a big bald positive line, showing a strong bullish momentum.
The previous sideways consolidation provided sufficient power for the bulls, and the closing at a high level at the end of the day also indicated that the strong trend may continue, and further upward space can be expected.
Technical analysis:
4H cycle: gold prices are expected to rise further after the correction.
The key support below is near 2956.
1H cycle: The support level is near 2975, and support may be obtained at this position in the short term.
Upward target: The upper target can be seen at the 3000 point mark. It is not recommended to blindly guess the top and short in the short term.
Operation suggestions:
Entry point: Long near 2975.
Stop loss: set at 2967 to control risks.
Target: The first target is 2990, and the second target is 3000.
Risk warning:
Although the bullish momentum is strong, the market may pull back at any time, and the effectiveness of the support level needs to be closely monitored.
Do not blindly chase high prices, reasonably control positions, and strictly implement stop losses.
Overall: The short-term bullish trend of gold is relatively obvious, and the operation is mainly based on retracement and low-level longs, and pay attention to the breakthrough of key support and resistance levels.
t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.
t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.