Gold double bottom structure, buy long directly on 2620
After the release of PCE data in the United States, the gains expanded and briefly reached the $2630 mark, breaking through the previous high and breaking the downward trend. On Friday, the sharp rise broke through the trend line and stabilized at the 4-hour mid track, indicating that gold has shifted from a downward trend to an upward trend. Relying on the high point in the early stage and the support of the 4-hour mid track, buy more on 2620.
Trading is like this, only when the gold price breaks through the key point can the market indicate a change. The key watershed of the 2620 band is when gold prices run above this level (i.e. the middle band of the Bollinger Bands), so we must buy long. This is my trading discipline!
Trading strategy: Buy long at 2620 gold, stop loss at 2610, target at 2636
Personal investment sharing requires caution when entering the market
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights