Gold bulls are close to reaching 3,000
After gold broke through the 2830-35 line, it started a bullish trend. I have always been bullish on gold. Friends who follow my articles can see that gold directly broke through the historical high last night and set a new historical high. Gold fell back and continued to rise. Gold is only one step away from 3000. The hourly moving average of gold continued to form a golden cross and diverge upward in a bullish arrangement. After gold broke through on Wednesday night, gold bulls were even better. Gold has now broken through its historical high. If gold falls back to the last high of 2956, it is an opportunity to buy on dips. However, strong markets often have a large decline. If the decline is too large, gold will weaken instead. Then gold can buy on dips when it falls back to 2965-70. The current decline of gold is an opportunity to buy. Gold 3000 is within reach, and it is expected to test and break through 3000 today.
From the analysis of the 4-hour gold trend, we focus on the support of 2956-65 below and the suppression of 3000 above. In terms of operation, we can follow the trend to go long. Once a breakthrough occurs, we can continue to follow up in the later stage. In the middle position, we should watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy more when gold falls back to 2965-70, and buy more when it falls back to 2956, stop loss at 2949, target 2995-3000, and continue to hold after breaking through.
From the analysis of the 4-hour gold trend, we focus on the support of 2956-65 below and the suppression of 3000 above. In terms of operation, we can follow the trend to go long. Once a breakthrough occurs, we can continue to follow up in the later stage. In the middle position, we should watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy more when gold falls back to 2965-70, and buy more when it falls back to 2956, stop loss at 2949, target 2995-3000, and continue to hold after breaking through.
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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.