Gold pullback continues to see bulls
In my first article today, I reminded everyone to be careful that gold will stand above the 3300 mark again.
And I also told you to rely on 3255-50 to do more, looking at the upper 3280 and 3300 positions.
Sure enough, after the opening of the European session, gold has made rapid progress, and the highest has reached above 3300 so far.
I also notified the real-time students to enter the market and do more near 3255 during the Asian session, and directly gave the target position of 3300.
At present, the target position of 3300 has been perfectly reached, and I also made a profit of more than 55 US dollars.
From the current 4-hour chart:
It can be found that gold is now completely above the trend line.
The only suppression position above is currently around 3350.
The support below is currently located at 3275-85.
If gold does not retreat, then the upper side will directly test the suppression near 3350.
On the contrary, if gold chooses to retreat next, then just focus on 3275-85.
As long as gold retreats and stabilizes in the 3275-85 range, you can directly enter the market and go long.
Continue to look at 3350 from above. If it breaks through and stabilizes above 3350 in the future, you will see the 3380-3420 range.
