Buy gold at a low price and focus on buying more, battle against major non-agricultural activities
Overnight gold experienced a public experience of 2660 short, but soon the big bearish candlestick directly entered a sharp decline mode, falling to around 2642 at one point, and the bears directly harvested. Since they missed the opportunity to buy long, then high short selling is definitely a trap
The four hour golden candlestick shows a periodic upward trend, with each candlestick falling back to the level of the 50 day moving average, and then the bullish candlestick pulling up. This is a typical bullish pattern, with the bullish candlestick jumping high and the 50 day moving average directly upward. At the same time, the low point keeps moving up, from 2610 to 2630 and then to 2642, with a clear upward slope. Buying long and buying long at low is inevitable!
Investment strategy: Buy long gold 2638, stop loss 2628, target 2678
Disclaimer: Investment carries risks, caution is required when entering the market
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