Gold enters a new range, falling around 2930 and starting to go long!
Gold has ended its small range oscillation and is now moving towards a larger range. The rally last night was actually within our technical concept, but the key factor is still the safe haven rally caused by geopolitical risks to the gold price. Currently, the gold market has entered a new range of operation, with a low point of 2930 to 2955, and the range is expected to remain volatile!
Gold's rise is caused by the risk aversion sentiment, and the emotional market will briefly subside over time after reaching its peak, which will also cause the market to enter a state of adjustment. Therefore, today's operating strategy should be mainly to go long after falling back, with a focus on breaking through the 2930 line below, while gold prices continue to operate in a large range. Above, attention should be paid to the pressure of 2955, and short-term prices should start to go long after falling back to 2930!
Specific strategies
Buy gold 2930 long, stop loss 2920. Target 2950
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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