Gold's strong sideways correction continues to be bullish
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The 1-hour moving average of gold crosses upwards and the support of the 1-hour moving average of gold has now moved up to around 2985. Gold fell back to the support near 2985 in the US market and continued to buy on dips. The gold bull market has not ended yet. Gold continues to try to break through the new high resistance above. As long as there is no sharp correction, there is a high probability that gold will continue to break through the new high after accumulating momentum. Gold strategy: It is recommended to buy at 2995, stop loss at 2985, and target at 30010-3020;
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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.