Bros, after yesterday's surge of $50, gold prices continued to climb to around 3149 in the Asian session today, up nearly $28 on the day. Currently, gold prices remain close to new records, and the rally is far from over. The global trade war has caused market concerns, and continues to push gold prices to new highs. Gold prices rose by 8% in March, and have risen for three consecutive months this year. Today, gold rose from 3125 as a support point, and there has just been a small correction. This correction is only due to a technical correction. Now gold has fallen back from the 3148 line to the top-bottom transition position, and the key to defensive decision-making between long and short is $3100. The moving average spreads upward, and bulls are still strong. Gold can rely on the 3110-3120 range to do long during the day. Currently, it is looking at 3140-3150 to suppress it. If it breaks, it will look to 3160.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
XAUUSD XAUUSD XAUUSD XAUUSD
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
XAUUSD XAUUSD XAUUSD XAUUSD Trade active
Bros, the gold retracement point has not been broken through. Buying is a good move. I always firmly believe that gold will bring us good news.Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Trade closed: target reached
The current hourly chart of gold still supports the moving average around 3125, which is the support position of the MA20 moving average. And 3125 is also the opening position of gold today, so there must be strong support here. In addition, the key support level below 3120 has strong support. As long as the gold price does not fall below 3120, we will still go long. If the gold price falls below 3120, we need to be alert to the possibility of a pullback to 3100.Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
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.