At present, the daily trend of gold is still empty, and the high in the morning of the one-hour period has continued to fall and is now close to the low point of the previous fall. Gold focuses on the 1953 line, and the bullish position above this level remains unchanged. If you see a bottom pattern in the five-minute period, you can still go long. If the downtrend breaks through this position in one hour, the shape will peak at that time, and the direction will return to the short position again, and the operation will also choose an opportunity to go short.
Specific operation: above 1953, go long when the bottom pattern of the five-minute cycle appears.
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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.