Gold is strong, buy long first when it falls in early trading!
Gold was strong in the morning session, breaking through the previous high point. Gold bulls were better off, breaking the volatile pattern. Therefore, gold should buy long in line with the trend.
The 1-hour moving average of gold has once again entered the upward trend of the golden cross. After falling last night, gold has once again bottomed out and rebounded, reaching a new high. It is possible that the bullish momentum of gold is stronger. Gold fell to a low of 2676 line last night and then bottomed out and rebounded. Moreover, the support of the gold moving average has moved up to 2678 line. In the morning session, gold went long on dips at 2678 line. If gold retraces to 2685 line, you can buy long first.
The market is constantly changing, and it is impossible to think blindly. Since gold bulls are stronger, then we should take advantage of the opportunities of gold bulls.
Morning trading strategy:
Buy long gold 2685, stop loss 2675. Target 2700-2710;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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