Gold adjusts at a high level, retraces support and continues to buy long!
The gold price remains strong, with signs of adjustment at the high point last night, but the magnitude of the adjustment is still very small as before. The current upward trend has not changed at all, which means that the market is still in a strong bullish stage. The intraday layout is waiting for the market to further adjust. After the adjustment is over, we will continue to be long, and we will continue to see breakthroughs in new highs during the trading session!
The current market is experiencing a strong upward trend, so don't overthink the peak during trading. Take advantage of the situation and go against it to perish! The bullish trend should be to find a low point in the market and go long instead of catching a high point and then going short! From the current market perspective, the volatile upward trend is mainly based on the previous low point of 3024 as short-term support, with the moving average rising at 3020 as the key support. In the morning, we will take the 3024 line as a reference for short-term long positions! Watershed still pays attention to 3005. Have made continuous breakthroughs!
Specific strategies
Gold 3024 buy long, stop loss 3014. Target 3040
Disclaimer: The above suggestions are for reference only. Investment carries risks, and operations should be handled with caution
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