Bros, as the geopolitical situation in the Middle East becomes tense, the price of gold once rose. From a technical point of view, gold opened high in the Asian session and then fell back quickly, but then stabilized and rebounded. The weekly, daily and 4H lines all showed a bullish trend, and the upward momentum was strong. From the hourly chart, gold maintained a good upward trend, with the previous highs and lows constantly rising, and the bulls dominated. The upward trend of gold is so rapid that we cannot blindly guess the top. It is not recommended that you continue to chase the long position at the high level, and there have been many divergences below the MACD. You need to pay attention to the possibility of a retracement correction in the future. Gold is currently around 3122. You can light short in small batches, bring a stop loss, wait for gold to fall back to the 3095-3105 area, and then chase the long position depending on the situation. Look at 3120-3130 above, and continue to hold if the position is broken.
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 will post 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 harvest is not ideal, then you might consider taking a look at my profile.
XAUUSD GOLD XAUUSD XAUUSD
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 will post 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 harvest is not ideal, then you might consider taking a look at my profile.
XAUUSD GOLD XAUUSD XAUUSD Trade active
Bros, gold retreated to the lowest level of 3076 and then rebounded quickly, and even reached the terrifying point of 3128 as high as possible. However, today is the end of the monthly line. After the heavy volume, we must be wary of rising higher and falling back. Gold is now moving towards our TP.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 will post 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 harvest is not ideal, then you might consider taking a look at my profile.
Trade closed: target reached
Bros, gold continues to rise after falling back, but the process of upward testing cannot be ruled out. At present, the upper 3125-3135 still poses pressure on gold. Brothers can rely on this area to short.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 will post 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 harvest is not ideal, then you might consider taking a look at my profile.
Note
Although gold has been fluctuating in a small range now, gold has been unable to break through the upper resistance 3125-3135 resistance area, then gold may usher in a wave of retracement. Bros, wait and see now, and wait for the right opportunity to enter the market.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 will post 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 harvest is not ideal, then you might consider taking a look at my profile.
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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.