Gold prices hit a new historical high, reaching 3100 soon!
Gold directly broke through last night's high of 3600 in the morning session, and the bullish trend in gold continued. Overall, the upward trend is strong. With bullish forces dominating, if there are no major negative factors, gold prices may continue to rise further in the short term, challenging higher resistance levels. However, the intraday price is only $35 away from the 3100 level, and reaching it is an easy task. During the session, we mainly focus on the timing of market strength and take long positions at the right time!
Gold continues to hit new highs and attract the attention of speculators. Currently, the morale of bullish speculators in the market is high, and there are countless followers. The market has a strong bullish sentiment, which will further boost the price of gold. In the trading session, last night's high of 3060 served as an important top bottom transition level, and currently it plays a crucial supporting role in the market. To go long in the morning, we should wait for the pullback to around 3060 before doing so!
Specific strategies
Buy long at 3060 gold, stop loss at 3050. Target at 3075;
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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