Gold safe haven upgrade, morning decline continues to increase!
The early morning news of gold has upgraded its risk aversion, and gold has once again broken through upwards. Therefore, the resistance that gold used to face has now become support again. The previous platform support for gold at 3135 has already broken through upwards, and now gold has formed support at 3135. The early morning decline of gold continues to be more favorable.
The 1-hour moving average of gold has once again turned upwards, and gold bulls have regained control of the home market. Gold fell back in early trading, and the platform supported 3135 to continue to buy on dips. Now the risk aversion is stimulating the rise of gold. Don't directly chase after the high level for now, patiently wait for the opportunity to fall back. After the upgrade of risk aversion, gold bulls will continue to exert strong momentum, and gold is expected to take it to the next level.
Since after the volatility, gold, stimulated by safe haven, has once again gained momentum among the bulls, the trend continues to belong to the bulls, and the early decline of gold continues to be bullish.
Morning trading strategy:
Buy long gold 3135, stop loss 3125. Target 3165-3180;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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