Gold bulls are strong, but they fell back in early trading and continue to buy long!
After the rebound of gold, it hit a new high again, and the gold bulls continued to be strong. Gold broke through 3127 again, so the bulls are better, and the early decline of gold continues to be more.
The 1-hour moving average of gold continues to diverge towards the bullish cross, and the support for the 1-hour moving average of gold has moved up to the 3096 line. However, gold is now deviating far from the moving average, so be patient and wait for the adjustment before stepping back and continuing to go long. The 1-hour moving average of gold fell to a low near 3100 yesterday and then stabilized again after a virtual break. Therefore, gold will continue to buy on dips above 3100 today.
The market is constantly changing, and since gold bulls are now making a strong comeback, we should continue to increase accordingly. The market is currently experiencing significant fluctuations, so be patient and wait for opportunities.
Morning trading strategy:
Buy gold 3110 long, stop loss 3100. Target 3135-3140;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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