Gold Spot / U.S. DollarUpdated Gold is expected to hit 3,000 points for the second time
Gold is expected to hit 3,000 points for the second time
The current gold market does show a strong bullish trend, especially after the gold price fell back to around 2,980 last Friday, it rebounded quickly, further consolidating the dominance of the bulls.
Going with the trend is a reasonable strategy in the current market environment, especially when the trend is clear, the risk of going against the trend is relatively high.
Today's gold operation ideas:
Buying opportunity: When the gold price falls back to around 2,980, you can consider entering the market to go long.
This position has proven to be a strong support level, and the market has strong buying support here.
Stop loss setting: In order to control risks, it is recommended to set a stop loss near 2,970.
In this way, even if there are unexpected fluctuations in the market, the loss can be controlled within an acceptable range.
Target position: The target can be set near 2,990, 3,000 and 3,010.
These positions are potential technical resistance levels, and gold prices may encounter certain pressure at these positions during the rise.
Note:
Market sentiment: Although the current market is dominated by bulls, it is still necessary to pay close attention to changes in market sentiment. Any sudden market news or data may have an impact on gold prices.
The current gold market does show a strong bullish trend, especially after the gold price fell back to around 2,980 last Friday, it rebounded quickly, further consolidating the dominance of the bulls.
Going with the trend is a reasonable strategy in the current market environment, especially when the trend is clear, the risk of going against the trend is relatively high.
Today's gold operation ideas:
Buying opportunity: When the gold price falls back to around 2,980, you can consider entering the market to go long.
This position has proven to be a strong support level, and the market has strong buying support here.
Stop loss setting: In order to control risks, it is recommended to set a stop loss near 2,970.
In this way, even if there are unexpected fluctuations in the market, the loss can be controlled within an acceptable range.
Target position: The target can be set near 2,990, 3,000 and 3,010.
These positions are potential technical resistance levels, and gold prices may encounter certain pressure at these positions during the rise.
Note:
Market sentiment: Although the current market is dominated by bulls, it is still necessary to pay close attention to changes in market sentiment. Any sudden market news or data may have an impact on gold prices.
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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.