Gold is in a volatile situation, go long near 2316 first!
Updated
https://www.tradingview.com/x/Ihafjmc8/
In the market last night, gold began to rise in the short term. Its high point broke through the short-term pressure platform of 2332, but then fell rapidly. The gold price was not able to stand firm on the 2332 line, and more market conditions were operating in the range of 2311 to 2332. , it is obvious that the recent trend has fallen into a volatile situation. In this case, our day-to-day operation becomes very simple, just sell high and buy low for short-term operation! In early trading, the 2316 line will see more rebounds first!
From a technical point of view, in the recent volatile trend of gold, the moving average has begun to form a golden cross form from the original dead cross. In addition, the gold price last night showed a state of breaking upward. In fact, the short-term bullish energy is in the dominant stage. , and the probability of breaking through the 2332 line again in the near future will be very high, but currently it remains in a volatile range, so we will treat it with a volatile mindset first! If there is a breakthrough or below trend in the later period, we will adjust our thinking along with the market!
Gold is more than 2316, stop loss is 2308, target is 2328
In the market last night, gold began to rise in the short term. Its high point broke through the short-term pressure platform of 2332, but then fell rapidly. The gold price was not able to stand firm on the 2332 line, and more market conditions were operating in the range of 2311 to 2332. , it is obvious that the recent trend has fallen into a volatile situation. In this case, our day-to-day operation becomes very simple, just sell high and buy low for short-term operation! In early trading, the 2316 line will see more rebounds first!
From a technical point of view, in the recent volatile trend of gold, the moving average has begun to form a golden cross form from the original dead cross. In addition, the gold price last night showed a state of breaking upward. In fact, the short-term bullish energy is in the dominant stage. , and the probability of breaking through the 2332 line again in the near future will be very high, but currently it remains in a volatile range, so we will treat it with a volatile mindset first! If there is a breakthrough or below trend in the later period, we will adjust our thinking along with the market!
Gold is more than 2316, stop loss is 2308, target is 2328
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The upward trend of gold remains unchanged, let’s do short-term first
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