Buy long above gold 2616, key pressure 2640

2025-01-02 1156

Good morning,On Tuesday, the gold market turned around at 9 o'clock, and the market recovered from all the declines at the beginning of the week. In the early morning of the session, short-term profits were captured below 2613, and it was wise to repeatedly choose to wait and see. After the market recovered, the market repeatedly retreated to the 2606 line. Our opening price theory once again dominated the market, and entering the market with an upward trend can bring huge profits. In the late session, we did not completely recover all the declines of the week, and the timing of the choice still exists. Tuesday also continued to close steadily.

On Thursday, gold trading revolved around the pace of Tuesday's rise, and the key point for support is the 2616 line. The support formed after breaking through the pressure on the European market is a good entry point. To continue to exert force, we can see a breakthrough at the key position 2640. Combined with this week's decline and the very critical position of 2640, this is a choice. Only by stabilizing and holding the 2640 market can we have the opportunity to continue to exert force and see the 2700 line. Otherwise, 2640 will be the curse of short-term decline.

During the day, you can buy gold around the upward trend on Tuesday. The market is expected to enter at 2616, and the key to gains and losses lies in the 2606 line. Referring to the pullback support on Tuesday, in conjunction with the upward trend, there will be support near this line. If the daily bearish line breaks below, it means that the market's rally on Tuesday is a bullish behavior, and in reality, the bearish trend at 2640 is dominating the market. I am quite clear about the short-term market situation, take one step at a time.

Buy long above gold 2616 on Thursday, key pressure 2640

Near point support of 2606 breaking level, gold will enter a weak position during the day, and Tuesday's upward trend is a bullish behavior

Breaking through 2640 is a sustainable bullish trend, and there is a good opportunity to buy back and increase positions.

Trading experience:

Maintain rationality, follow trading plans, and avoid blindly following trends or emotional trading.

Disclaimer: The above analysis only represents personal opinions. Based on this, the profit and loss are at your own risk. Investment is risky, and caution is required when entering the market

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