Buy more gold at 2592 current price
The daily level of gold is still in the form of a double bottom, and the downward trend has basically stabilized. Overnight gold is volatile, with a back and forth fluctuation of 30 points being a normal trend. Currently, there is also obvious support around 2580, which is buy long, that is, buy long directly at 2592.
The four hour moving average continues to deviate from the moving average, which is obviously abnormal. We have always emphasized that this is abnormal. The moving average depicts the price of gold, which has mutual attraction and is bound to return to the moving average. This is an iron fact, but of course, the bottom cannot be broken. Every time it reaches around 2580, it can rise strongly. Buy long, buy long directly at 2592.
Investment strategy: Buy long gold 2592, stop loss 2580, target 2650
Disclaimer: Investment carries risks, caution is required when entering the market
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