Strong breakthrough, buy more gold at 2660

2025-01-10 2278

Gold has experienced a long period of volatility and finally broken through the resistance level. Buy long near 2660

Gold has broken through the 60 day moving average of the daily cycle, and its trend has changed. It is not right to go short again. This is also the watershed we emphasized yesterday, which plays a crucial role in carrying the turning point between long and short positions. Buy long above it and sell short below it.

There is still a major non farm payroll tonight, and gold will definitely break out of the trend. The 4-hour cycle gold price is getting higher day by day, which is a bullish trend. So we must adjust our thinking and shift towards long positions. Gold has been fluctuating for over a month now, and the overall direction is really coming. Are you ready?

Trading strategy: Over 2660 gold, stop loss 2650, target 2678

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