The 4-hour level bottom has shown a three-yang Kaitai pattern, which is a strong bullish signal. Yesterday's blog post reminded everyone that the MACD indicator in the attached figure showed signs of bottom divergence, so it is not easy to be overly bearish. It suggests that the price will try to go long near 3120 US dollars and 30. At present, the K-line has broken through the middle track with three consecutive big yangs, driving the 5-day moving average to turn upward. The short-term trend is bullish. Today's market is expected to continue with the bulls, and it will hit the upper track of the Bollinger band at 3280. If the Bollinger band opens upward, it is expected to fill the gap at 3325. The 1-hour level K-line relies on the 5-day moving average to support continuous positive rises, and the Bollinger band opens upward. The moving average is arranged in a bullish pattern, indicating that the current market is in a strong position. However, the MACD red column shows signs of shrinking volume, and there may be a correction in the short term. In the short term, it is necessary to hold the 10-day moving average at 3220 to support more. The target is 3265-3282 and 3292 to gradually fill the gap. In the medium term, continue to hold long orders near 3120 for spot gold and 730 for physical gold. The short-term operation of gold is recommended to be long on pullbacks and short on rebounds. The short-term focus on the upper side is the 3250-365 line of resistance.
Weekly profit exceeds 200 percent. 70-80 percent accuracy of trading signals.
t.me/+8XRxoUJXG1ExMmFk
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Weekly profit exceeds 200 percent. 70-80 percent accuracy of trading signals.
t.me/+8XRxoUJXG1ExMmFk
t.me/+8XRxoUJXG1ExMmFk
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.