Gold has fallen and risen, with a clear direction in the short term!
Yesterday, there was a correction trend in the market, but after a dip, it rose again, confirming the strong view of the market. Of course, today's morning trading remained the same as before, and gold rose directly at the opening of the morning trading to break new highs. Therefore, the current trend direction of gold is very clear, and the key is to find feasible operating points!
If gold rises directly in the morning session, it indicates the continuation of its strength. Therefore, it is possible that the gold price may not adjust too much in the morning session and will only experience a slight decline. Therefore, we will not chase long in the morning session, at least wait until it falls back to the moving average support of 2934 before planning to go long! So the morning market still needs to patiently wait for the opportunity to enter!
Specific strategies
Buy long gold 2934, stop loss 2926, target 2950
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights