Trend analysis and buying recommendations
Updated
The bullish trend structure of gold is intact, and it continues to rise sharply and close, approaching the 2800 mark. The bullish sentiment of gold has risen, and it is obviously strong. There is basically no rhythm of falling back, and it continues to set new historical highs. The support level continues to move up. The trading idea remains unchanged, and the low-multiple layout is mainly based on the trend correction, and the key positions such as the historical high are shorted.
Gold broke through the historical high directly in the US market yesterday, and began to rise strongly. Gold did not show any signs of falling back. The 1-hour moving average of gold continues to diverge upward. The previous high of gold 2758 has now become support. Gold falls back to 2760 and continues to buy on dips.
First support: 2770, second support: 2762, third support: 2750
First resistance: 2786, second resistance: 2796, third resistance: 2805
Trading strategy:
2760~2800 range sell high and buy low
Gold broke through the historical high directly in the US market yesterday, and began to rise strongly. Gold did not show any signs of falling back. The 1-hour moving average of gold continues to diverge upward. The previous high of gold 2758 has now become support. Gold falls back to 2760 and continues to buy on dips.
First support: 2770, second support: 2762, third support: 2750
First resistance: 2786, second resistance: 2796, third resistance: 2805
Trading strategy:
2760~2800 range sell high and buy low
Trade active
We only follow the trend, do not scalp, and patiently wait for key prices to enter the market
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