Gold currently continues to fluctuate at a high level on the weekly trend. The intensity and continuity of the weekly pushback are not large, and the short-term moving averages also continue to maintain upward divergence. The daily line is currently in a state of shock, and the short-term moving average is basically in a flat state. The price is temporarily compressed between 2890-2930. The 2930 line above is not only the rebound high point of last Friday, but also the key resistance level where the previous breakthrough resistance failed. Therefore, before the gold price fails to break through 2930, do not rush to chase the high price, and wait patiently for a wave of rebound to stabilize the bullish trend. In terms of trading strategy, we maintain a shock trading idea. Above, we still take 2930 as the primary pressure target and go long when the gold price falls back to the 2910-2905 area.
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 publish posts 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 results are not ideal, then you may wish to consider reading my introduction.
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 publish posts 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 results are not ideal, then you may wish to consider reading my introduction.
Trade active
Brothers, gold has now fallen to around 2900. Continue to go long. If the daily gold line can close above 2920 in the past two days, it is expected to break through the key resistance level of 2930 and even retest the historical high level of 2945-2955.Trade closed: target reached
Don't hesitate, continue to go long on gold
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.