Gold 2852 supports more, buy when it falls back!

2025-02-10 1258

On Friday, gold hit a new historical high again. Currently, the bulls are still strong and there is no obvious signal of a peak. Wolf Brother is obviously mainly bullish, with support lines continuously rising. At the daily level, a large bullish line has been erected, and we continue to focus on long positions

The golden four hour moving average also saw a strong bullish candlestick, which closed at the shadow line on Friday evening. Currently, the physical strength of the bullish candlestick is directly rising, covering the shadow line. This is the strength of the bulls. The 50 moving average continues to move upwards, and there is no possibility of a reversal. The bulls are still tenacious, even if the depth falls below 2860, the bullish candlestick will soar directly. In the short term, we will continue to look at the 2900 line

Investment strategy: Buy long at 2852 gold, stop loss at 2842. Target at 2900

Disclaimer: Investment carries risks, caution is required when entering the market

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