Gold will continue to rise, it will definitely
Updated
Gold's weekly K-line and medium-cycle indicators are tending to form a golden cross, and the gold price trend still relies on the upper track to maintain a continuous upward trend. The MACD indicator shows a strong bullish signal and continues to remain intact, while other technical indicators also maintain bullish signals, indicating that the bullish momentum has not stopped and the bullish expected targets still have room to rise. Judging from the daily structure, the gold price bottomed out yesterday and rebounded and included the positive line, and the overall short-term structure performed strongly. The MACD red histogram continues to rise, KDJ also sends an upward signal, and the Bollinger Bands also show an upward trend. These signals all imply that gold prices will continue to rise. In this case, the support level below should first focus on the 2310 point near the Bollinger Band upper limit. Observing the four-hour market, the gold price has shown a positive rise on the four-hour K-line for five consecutive times, and the short-term trend shows the possibility of continued rise. Therefore, for the current operation of gold, He Bosheng's personal suggestion is to mainly go long by stepping back, supplemented by rebounding high. At the top, you can pay attention to the resistance at the 2370-2380 mark, and at the bottom, pay attention to the support near 2338-2325.
gold:buy2345-2350
tp:2360-2355
sl:2338
Note
Gold prices hit record high for eighth straight session, supported by geopolitical concernsTrade active
Note
The current fluctuations of gold have basically no technical aspects to speak of. Now the main focus is to look at the intensity of the market crash caused by the impact of market news.
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