Gold: Bulls are about to make a move
Overnight gold remains stagnant, bulls are about to take off
Overnight, gold fell back to around 2645, but it clearly couldn't fall anymore. The bullish candlestick line directly rose, ADP data was bullish, and the candlestick line had almost no volatility, but overall it still fluctuated upwards. Then, the initial unemployment claim of 21.30, the data was bearish. Does the data bearish mean that gold prices will fall? Whose conclusion is this? Verify again that the data is not synchronized with the rise and fall of the market trend
At present, the four hour moving average has risen again, even if it falls from 2670 to around 2650, the bulls can still rise strongly. This is the tenacity of the bulls, as well as the swallowing and rising of the bulls. The front of the candlestick line is lined up to firmly hold the moving average, step on the moving average to rise, and at the same time, the candlestick line is accepting the shadow line. This is the strong form of the bulls. The peak of the 50 moving average continues to hit high levels, only higher, without the highest point. The support level is once again consolidated and effective. Buy long, buy long at 2645
Investment strategy: Buy long gold 2651, stop loss 2640. Target 2672
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