Gold bulls remain unchanged, taking off next week at the 3400 level

2025-04-18 1522

Next week, gold will take off at 3400

Overnight, gold moved out of the deep V, and the candlestick briefly fell to around 3283. Then, the bullish candlestick took off and directly surged to around 3330, indicating a strong bullish trend. Currently, it is still in a bullish form, and next week, the bulls will directly head towards 3400

The golden four hour line has taken the shadow line and ultimately closed at the bullish line. This is the strength of the bulls, all of which are bullish lines. This is the terror of the bulls. The candlestick line only needs to squat for a while before rebounding even higher. Next week, if we start with a strong bullish momentum, the support level will still be around 3300

Investment strategy: Buy more gold at 3300 Stop loss 3290. Target 3380

Disclaimer: Investment carries risks, caution is required when entering the market

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