Gold oscillates upwards, 2640 continues to buy long

2024-12-05 2848

Gold is still in a sideways trend, and the candlestick chart is still accumulating momentum. However, due to the upcoming major non farm payrolls, it is inevitable that there will be a one-sided trend. Currently, Wolf Brother is still firmly watching the 2670 chart. Overnight, we bought more gold at 2637 and 2642, with the highest reaching around 2656, both of which are profitable. Of course, we will continue to buy more today

At the bottom of the golden hour line, the bullish candlestick is still rising, and a bullish candlestick is swallowing up the bearish candlestick entity. This is a bullish swallowing pattern, and it has crawled out of the dead pile. The moving average cannot be suppressed anymore, and it has directly overturned the roof. Currently, the bullish candlestick is crushing the moving average, directly stepping on the 50 moving average to raise it. The strength of the candlestick's decline is limited, and the 2640 can directly enter the market to buy long. The moving average is also maintaining an upward trend. Continue to look at the 2670 line

The direction is right, persistence is victory, the direction is wrong, stopping is progress. Currently bullish, bulls hold on and are ready to take off. See you at 2670

Investment strategy: Buy long gold at 2640, stop loss at 2627, target at 2670

Disclaimer: Investment carries risks, caution is required when entering the market

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