Gold breaks through 1950? Pay attention here
Through the analysis of the golden hour chart, we know that gold has been oscillating and rising from the early trading so far, breaking through the moving average pressure level of 1946, which is relatively speaking, it is more likely to fall back after rising.
We focus on the situation in the U.S. market. We can also clearly see from the MACD below that the energy of the bulls has formed a top divergence. Various signs indicate that there is a higher possibility of rising and falling without special circumstances. In the short term, we focus on the 1947 and 1953 ranges. Pressure is enough. Once the volume breaks through in the later stage, it will continue to accelerate and break through to the 1980 line.
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