Gold oscillates at high levels, with more gold around 2850
After the release of non farm payroll data, the price of gold experienced ups and downs, with sharp rises and falls, which was truly heart stopping. This is just a structural adjustment in the upward trend of gold, and gold will inevitably continue to break new highs in the future! There has never been a surge without undergoing a deep market wash, which means that the non farm sector is undergoing such a wash, and it is certain that gold will hit a new high this week.
From a technical analysis perspective, the price of gold has consistently remained above the moving average system, indicating a strong bullish trend. From the high volatility of gold, it can be seen that gold is undergoing a rectangular adjustment structure in an upward trend, which is easy to operate. We rely on the lower edge of the rectangular adjustment structure at 2850 to go long.
Last week and the week before, I was all long, taking advantage of the situation, and the returns were quite objective. I advise everyone not to touch the top. It's a momentary pleasure to touch the top, a wealth crematorium, stay away from it, and embrace gold to stabilize returns.
Trading strategy: Buy long at 2850 gold, stop loss at 2840. Target at 2880
Personal investment sharing requires caution when entering the market
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