Gold has gradually moved up from the lows of 3000-3007. After breaking through 3040 today, it confirmed that the adjustment has ended and a new round of rise has begun. The 4-hour chart has continued to rise, breaking the previous oscillating cross star pattern and entering a very strong unilateral mode. The next target is 3055-3060 (previous high). The short-term morning low is 3017, and the European session broke through 3038 (recent key suppression). The lows and highs moved up simultaneously, and the bullish trend was stable.
Direct long (main strategy)
Entry point: 3035-3040 range light position long, stop loss 3028, target 3055-3060, break to see 3070.
Short orders are cautious (only after the new high)
Potential opportunities: If the high 3060-70 falls back quickly, you can short with a light position, stop loss 3072, target 3045.
Note: Counter-trend operations require fast entry and exit, and give priority to the bullish trend.
Key reminders
Don't guess the top: In a one-sided market, follow the trend and avoid touching the top against the trend (such as the previous high of 3057 is not an absolute resistance).
Follow up after the break: If it breaks through 3060 strongly, you can reduce your position or push a break-even stop loss, and the remaining position will be 3070-80.
Risk control: All long orders strictly stop loss at 3037/3028 to prevent false breakthroughs and retracements.
Summary: In the evening, gold is long based on 3040-3035. If it unexpectedly falls back to 3030, increase the position. The target is 3055-3070. After the historical high, be alert to profit-taking selling pressure, but do not actively go against the trend.
Direct long (main strategy)
Entry point: 3035-3040 range light position long, stop loss 3028, target 3055-3060, break to see 3070.
Short orders are cautious (only after the new high)
Potential opportunities: If the high 3060-70 falls back quickly, you can short with a light position, stop loss 3072, target 3045.
Note: Counter-trend operations require fast entry and exit, and give priority to the bullish trend.
Key reminders
Don't guess the top: In a one-sided market, follow the trend and avoid touching the top against the trend (such as the previous high of 3057 is not an absolute resistance).
Follow up after the break: If it breaks through 3060 strongly, you can reduce your position or push a break-even stop loss, and the remaining position will be 3070-80.
Risk control: All long orders strictly stop loss at 3037/3028 to prevent false breakthroughs and retracements.
Summary: In the evening, gold is long based on 3040-3035. If it unexpectedly falls back to 3030, increase the position. The target is 3055-3070. After the historical high, be alert to profit-taking selling pressure, but do not actively go against the trend.
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.
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.