Gold, 2900 supports buy long
Overnight gold, we bought long at 2900. This position has a lot of layout, and the big bullish line directly rose to the sky, reaching above 2920, achieving a harvest of multiple orders. Currently, it is still in a bullish form, and we still choose to buy long at 2900. Low long is also inevitable, and we still look at the historical high of 2956 above
The four hour gold candlestick continues to swallow the solid bearish candlestick, even if the overnight gold price closes at the solid bearish candlestick, the bullish candlestick can still reverse and swallow up the upward trend. This is the strength of the bulls, and it also starts from below the moving average, directly piercing through the sky. Currently, the bullish candlestick directly crushes the moving average, obviously unable to stop the pace of the bulls. The daily candlestick also closes strongly at the bullish candlestick, stopping the downward trend with strength, and supporting at 2900
Investment strategy: Buy long at 2900 gold, stop loss at 2890. Target at 2956
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