5.22 Gold Strategy
The support at 2410 mentioned yesterday proved effective, and we have profited from our long position and closed it at 2428.
Today, gold is expected to continue to maintain a high-level fluctuation, but due to its firm price, it is recommended to remain cautious and avoid going short. Instead, we should wait for the price to fall back to the support level before entering into a long position.
1-hour support: 2410
2-hour support: 2395
4-hour support (temporary): 2380
When investing in forex, especially gold, we must have a quick but well-founded mindset. Avoid making blind decisions.
Today, gold is expected to continue to maintain a high-level fluctuation, but due to its firm price, it is recommended to remain cautious and avoid going short. Instead, we should wait for the price to fall back to the support level before entering into a long position.
1-hour support: 2410
2-hour support: 2395
4-hour support (temporary): 2380
When investing in forex, especially gold, we must have a quick but well-founded mindset. Avoid making blind decisions.
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