Gold has been going crazy lately, with long positions soaring all the way. These past few days, when I wake up and open it every day, I see that gold has reached a new high again, and the bullish momentum is strong. Yesterday morning, gold went long at 3262, and it rose and harvested. Gold has been fluctuating upwards since then, with basically no decline. The gold US market is chasing long at 3324, and the long positions are too strong. Gold continues to hit new highs. The bullish trend of gold has not changed, and the early decline continues to be significant.

The 1-hour moving average of gold continues to diverge and align with the bullish trend of the gold cross. It is difficult for gold bulls to have a major pullback due to their strong position. Yesterday, gold began to fall and fluctuate around 3317, and then the gold market continued to break through in the US market. Therefore, the short-term 3317 of gold has once again formed support. Gold fell back to 3317 in the morning and continued to buy on dips. If gold retraces around 3320, it can continue to be bullish.

Although gold is currently crazy, we should always pay attention to the safety of long positions in gold, so that long positions can be released. While being bullish, we should also pay attention to opportunities for a pullback. Unless the strength suddenly becomes strong, we should not easily chase long positions. Patiently wait for the opportunity to fall back. How long can gold bulls go crazy? No one knows when the price goes up without saying it's at its peak. Since gold is so crazy, what we need to do is follow. It is difficult for gold to plummet until there is a significant bearish signal.

Morning trading strategy:

Buy long gold 3320, stop loss 3310. Target 3350-3360;

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.