Gold rises strongly, 2707 continues to buy long
In my previous article, I emphasized the potential for a significant increase in gold prices, stating that the gold target level of 2716. As a result, gold prices rose to 2716.2703, and many gold traders profited from 2716, earning a profit of $13. The upward space for gold has been opened up, and today's market will be significant. I think gold will continue to soar. What do you think?
Gold is getting higher day by day, and in such a market, we can only go for more. We will always follow the trend and be filled with tears. After reaching the resistance level of 2716, gold has no intention of falling, so it is necessary for gold to break through at this price and even rise to the monthly resistance level of 2736.
The 4-hour cycle saw a unilateral increase in gold prices, with each wave rising higher than the next. The gold price is pulling the moving average upwards, which is the best signal for a unilateral upward trend. We know that when the gold price fluctuates back and forth around the moving average, it is a volatile market. Now that the gold price is pulling the moving average, it is clearly a one-sided market. Unilateral trend retracement to the golden ratio line 23.6. Just keep up with multiple orders directly. At the same time, the position of 2707 is also the support of yesterday's CPI data bottoming out, rebounding and solidifying, and fishing for the moon from the bottom of the sea. Therefore, we need to enter the market and place multiple orders near 2707. Are you ready?
Trading strategy: Buy long gold 2707, stop loss 2697. Target 2736
Personal investment sharing requires caution when entering the market
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