Gold oscillates at high levels seeking breakthroughs, but remains bullish in early trading!
Gold experienced a washout market last night, with a rapid short-term decline followed by a rebound and a new short-term high. Currently, the market shows that gold still maintains a strong bullish trend. The washout market is confusing for most people, but we still choose to remain bullish in the face of such a market! Continue to go long in the morning until the gold price falls back!
The gold price is currently running above the 30 line moving average. In the short term, there is support, but the conservative support level is still at the 2905 line supported by the 60 line moving average. The morning market is still undergoing adjustment, so we need to rush to go long in the morning. When the adjustment approaches the 2905 line, we will choose the opportunity to go long during the day. Our intraday goal is still to look up and break through!
Specific strategies
Gold 2905 buy long, stop loss 2895, target 2920
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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