Non farm Night Gold 2650-2660 seen, with over 2614 holding at break even loss

2024-12-06 2255

The rapid decline of gold in the morning session is the behavior of the market makers. The more they rush to kill, the more opportunities for bulls to enter the market. Moreover, the hourly candlestick chart is bound to return to the moving average, and the bottom bullish candlestick chart has taken off directly, showing a clear bullish engulfment pattern. The candlestick chart also starts to exert force from below the moving average, and directly breaks through a bloody path. Obviously, it cannot be held down anymore. Buy long, buy long at 2614

Investment strategy: Buy long at 2614 gold, stop loss at 2602, target at 2660

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

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