Waiting for gold to break through $1788: a buying opportunity
Updated
From April 20 to May 20, the price of gold fluctuated between $1670 and $1750, forming a strong resistance at $1750. After breaking through this resistance on June 20, an effective up trendline was formed. Although in the short term, there is resistance to $1788, but the chart shows a strong willingness to buy. I don't think the resistance of $1788 is strong.
For conservative traders, they can wait for the price to fall back to the upward trend line, or wait for the price to break through $1788.
For aggressive traders, they can buy gold in batches in the near future.
For conservative traders, they can wait for the price to fall back to the upward trend line, or wait for the price to break through $1788.
For aggressive traders, they can buy gold in batches in the near future.
Note
Gold prices began to rebound near the support line, which is enough to prove that the support line is effective.Conservative traders, have you followed my advice and bought gold near the support line?
Note
Beautiful trend! Although there may be a short-term decline in prices, the long-term trend in the future is still upward. We can close some long positions. Use smaller funds to earn more profits.
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