Gold continues to fluctuate, with a direct increase of 2895
The trend of the gold market this week is under control.
Our viewpoint yesterday was very correct. Today, we will continue to use yesterday's viewpoint. 2928 is bearish under pressure, 2895 is bullish on dips. The gold price has fluctuated multiple times in this range. If we continue to use my viewpoint, we can continue our winning streak. However, this viewpoint is valid during the day, and I will re analyze it after the non farm period in the evening.
The 1-hour Bollinger Bands develop horizontally, with the upper and lower tracks directly stabilizing the gold price and escaping. There is pressure of 2928 at the top and support of 2895 at the bottom, and the gold price can only fluctuate within this range. The upper and lower shadow lines of the 4-hour cycle of gold prices are so long, and the gold price also keeps shuttling back and forth between the moving average. From both cycles, the market is definitely volatile, so I will sell high and buy low.
Fall back by 2895 and enter directly.
Trading strategy: Buy long at 2895 gold, stop loss at 2885, target at 2925
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