XAUUSD: W bottom has formed, bullish today
Updated
Yesterday we successfully touched the TP of 2352 at 2365Sell. From the previous trend, it is not difficult to see that the support of 2352 is still very strong. It has been unable to be broken through 4 times, and this rebound has directly broken through 2365-2370. resistance, the market is turning again, and we must respond flexibly to follow the changes in the market.
From a technical point of view, the current gold price has formed a W-shaped double bottom structure at the 2352 line. This rise is very likely to reach the previous high position of 2393 again. Therefore, today's trading strategy is mainly bullish.
Here I give two bullish buying strategies:
The first radical point is to buy near 2370
The second conservative point is to buy near 2365
From a technical point of view, the current gold price has formed a W-shaped double bottom structure at the 2352 line. This rise is very likely to reach the previous high position of 2393 again. Therefore, today's trading strategy is mainly bullish.
Here I give two bullish buying strategies:
The first radical point is to buy near 2370
The second conservative point is to buy near 2365
Trade active
It is running well along the W shape, we can continue to wait for the riseTrade active
The current gold price has reached 2383, and the profit margin is good. If you are prudent, you can close your position with a profit. If you are aggressive, you can continue to hold and see the target of 2393.
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