Gold has hit a new historical high again, with further declines in early trading!
After breaking through the box, we began to trend bullish on gold. Gold went long with a backhand and won three consecutive victories. Gold directly broke through its historical high last night and reached a new historical high. Gold continued to fall in the morning session and is only one step away from 3000.
The 1-hour moving average of gold continues to diverge from the bullish trend of the gold cross. After breaking through the box and oscillating on Wednesday evening, gold began to show a trend change. Gold bulls are better than gold bulls, and the trend of gold bulls has restarted. Now that gold has broken through a historical high, the momentum of gold bulls is full. Gold's retracement to the previous high of 2956 is an opportunity to buy on dips. However, strong market conditions often have a significant decline. If the decline is too large, gold will weaken, so gold's retracement to 2965 can buy on dips.
Gold continues to reach new highs, with a bullish momentum like a rainbow, riding on the red dust. The current decline of gold is giving an opportunity to go long. With gold already at this level, 3000 points of gold is no longer a dream. We need to try the highs and lows. Gold is expected to break through 3000 today. Let's wait and see.
Morning trading strategy:
Buy gold 2965 long, stop loss 2955. Target 2995-3000;
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