Yesterday, because it was the President's Day in the United States, the commodity market closed early, so gold did not fluctuate too much, and it has been fluctuating and consolidating in the range of 2880-2910.
Today, gold fell to 2890 during the Asian session and then quickly rose. As of now, it has stabilized above the resistance level of 2910.
In yesterday's article, I also clearly told you the importance of 2910. 2910 is a dividing line. Only when it stands firm can it gain the momentum of rising. If it does not stand firm, it will still tend to pull back.
Now that gold has stabilized at 2910, we can find opportunities to intervene in long orders.
From the 1-hour chart, we can see the trajectory of gold running around the trend line recently. This time, the rise after the retracement of the trend line is bound to hit the high point of 2940 again, and there is a high probability of setting a new high.
The trading strategy is as follows:
Buy near the 2900-2910 range
TP1:2923
TP2:2940
TP3:2950
Today, gold fell to 2890 during the Asian session and then quickly rose. As of now, it has stabilized above the resistance level of 2910.
In yesterday's article, I also clearly told you the importance of 2910. 2910 is a dividing line. Only when it stands firm can it gain the momentum of rising. If it does not stand firm, it will still tend to pull back.
Now that gold has stabilized at 2910, we can find opportunities to intervene in long orders.
From the 1-hour chart, we can see the trajectory of gold running around the trend line recently. This time, the rise after the retracement of the trend line is bound to hit the high point of 2940 again, and there is a high probability of setting a new high.
The trading strategy is as follows:
Buy near the 2900-2910 range
TP1:2923
TP2:2940
TP3:2950
Trade active
Our judgment is completely in line with expectations. Gold has indeed started to rise again as expected. Our long orders have successfully reached TP1: 2923. Congratulations to those who followed the signal.Note
If you also like my signals, please join the free sharing channel to get more signals.Trade closed: target reached
Our strategy has been well verified. Gold has broken through the 2940 resistance level, once again setting a new record high. Our long order yesterday also successfully reached TP2: 2940Note
Gold rose again during the Asian session today and successfully reached our TP3: 2950. The profit margin of the long orders bought from our initial 2900-2910 range is 40-50$. I believe that friends who follow the signals have made a lot of money. Congratulations again.I will give you the latest trading strategy for your reference later. See you later
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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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.