Spot gold trading: buy low and buy long during the day
Overnight gold experience achieved a complete harvest of both long and short positions, with long positions at 2955 and long positions at 2924, achieving a harvest of both long and short positions. Today, the main trend continues to be low long, and the support level below is still strong. At least overnight gold prices have pulled up again, which is the bullish attitude
The 4-hour gold line is still in a bullish form, and overnight gold prices have fallen back to the level of the moving average. From around 2955 to 2924, the mutual attraction between the moving average and gold prices still exists. Currently, the candlestick is still above the stabilizing moving average, and the moving average is still pointing towards the northeast direction, which is obvious. There is no sign of a downward reversal. Buy long, continue to buy long at 2924
Investment strategy: Buy long gold 2924, stop loss 2914. Target 2960
Disclaimer: Investment carries risks, caution is required when entering the market
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