After the changes in the first four trading days of this week, everyone is convinced that gold will rise after adjustment. Now that the trend has been strengthened, today we will discuss where the strength of this bullish trend can reach this week. This week, it has been emphasized that the expected rising space within the week will be 3370-3400. It has almost reached 3375. The target of the next wave of gold rise is 3400.
From a technical point of view, the daily line appeared on Wednesday, standing firmly above the middle track of Bollinger, and the moving average system diverged upward. In the 4-hour chart, the golden cross of the random indicator MA5-MA10 continued, which was good for intraday fluctuations and rises; MACD continued to hit the red kinetic energy column. In terms of form, it continued to rise slowly, which was a bullish signal; then it is expected to rise to the upper track high of Bollinger near 3400 under strong pressure. After this round of rising and pulling up, Bollinger opened in the 4-hour chart. Today may be a one-sided trend, and the intraday support is near 3342. After adjusting to 3342 during the day, you can go long and see today's rising space.
Gold operation strategy: It is recommended to go long at 3345-3350, stop loss at 3340, target at 3360-3370; it is recommended to go short at 3400, stop loss at 3410, target at 3380-3370.
From a technical point of view, the daily line appeared on Wednesday, standing firmly above the middle track of Bollinger, and the moving average system diverged upward. In the 4-hour chart, the golden cross of the random indicator MA5-MA10 continued, which was good for intraday fluctuations and rises; MACD continued to hit the red kinetic energy column. In terms of form, it continued to rise slowly, which was a bullish signal; then it is expected to rise to the upper track high of Bollinger near 3400 under strong pressure. After this round of rising and pulling up, Bollinger opened in the 4-hour chart. Today may be a one-sided trend, and the intraday support is near 3342. After adjusting to 3342 during the day, you can go long and see today's rising space.
Gold operation strategy: It is recommended to go long at 3345-3350, stop loss at 3340, target at 3360-3370; it is recommended to go short at 3400, stop loss at 3410, target at 3380-3370.
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FREE SIGNALS TECHNICAL CHART AND EDUCATION
t.me/+fSjRQ0s6m500NzVk
t.me/+fSjRQ0s6m500NzVk
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.