Gold takes profits from long positions on Tuesday, gold continues to increase positions and buy long positions on Wednesday

2025-01-08 1875

On Tuesday, the market recovered from the early week's rise in sideways trading, and the Asian market price repeatedly broke through sideways. The pullback confirmed that support would rise. During the trading session, the bulls directly entered the market, and the strong breakthrough in the US market gave a take profit of 2660

The price remained high and sideways, with a slight rebound in the early morning. The price was supported by the opening price and closed steadily. On Wednesday, we continued to buy long positions around the opening price at the beginning of the week. If the rise continues, we can see the 2665 level. According to the theory of strong trading, only when the opening is strong can there be a high strength before breaking through. If the fall is too large, it is easy to form a volatile market. For the near point, we can refer to the support level of 2640, and if the Asian market tests it at 2640, the price will repeatedly form a downward pattern like yesterday. If the rebound occurs, it is not easy to hold long. For the near point, we can buy long directly at 2648 in the morning and see the Asian market continue to exert strength, breaking.

Today's price can be adjusted by 2700. Otherwise, if it falls below 2640, it will be a sideways downward trend. During the day, the gold price was above 2648-46, indicating a continued upward trend. Repeatedly falling below 2640 to see fluctuations. Falling below the market trend, temporarily not following

Disclaimer: The above analysis only represents personal opinions. Based on this, the profit and loss are at your own risk. Investment carries risks, and caution is required when entering the market

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