Gold is poised to break through, buy more directly at the current price of 2932!
Gold is accumulating momentum at high levels and constantly testing resistance above. Therefore, gold bulls are seeking breakthroughs. Gold is constantly accumulating energy at high levels in order to break through resistance. If gold is strong in the morning session, then continue to go long in the morning session. The current price of gold in the morning session is 2932.
Although the 1-hour high of gold has come under pressure and fallen back, there has not been a significant adjustment in the 1-hour period. Gold stabilized after falling by 2928 in the morning, indicating that gold bulls are still in a strong position. With the current high and strong rhythm of gold, it is necessary to continue the strong trend of gold and break through as early as possible. If the duration is too long, the amount of gold bulls may be digested. If gold cannot accelerate its rise in the European market, then new considerations should be made. In fact, gold cannot experience a significant decline. The larger the decline, the weaker the strength of gold to break through resistance. This may lead to the formation of a short-term triple top for gold. Therefore, if gold continues to be strong in the morning, there is more hope for gold bulls.
The recent rhythm of gold is that after a rapid decline, it continues to rise. The daily trend of gold is still bullish, and a single bearish decline is just for adjustment. Gold bulls aim high.
Buy long gold 2932, stop loss 2922, target 2945-2950;
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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