Gold bulls are still strong, waiting for adjustment to follow the trend!
The United States has exempted some electronic product tariffs, and gold opened slightly lower in the morning with narrow fluctuations, falling nearly $30 at one point. However, the market is still supported by bargain hunting. In addition, the escalation of trade frictions between China and the United States, the stalemate in the Middle East, and weak US economic data have all had a supportive impact on gold prices.
The morning trading still focuses on the bullish market, after all, the trend is there! During the trading session, you can wait for the price to stabilize around 3170 before taking a light long position and defending below $3160. If you are not in a hurry to enter the market, you can also wait for a clear upward signal during the European trading session to take advantage of the situation and go long. We will gradually look towards the 3350 line as the upper band target!
Specific strategies
Gold 3170 buy long, stop loss 3160. Target 3250
Disclaimer: The above suggestions are for reference only. Investment carries risks, and caution should be exercised when operating
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