Gold forms a double bottom at 3270, with support for buyingfxcue.com

"3270 Double Bottom, Long Position"

On Friday night, the candlestick chart tested the bottom again, with a large bearish candlestick falling near 3270. Of course, this position also shows an obvious double bottom pattern, which is also a clear indication. Currently, the bullish trend is still intact, and the support level remains firm. Regardless of how the market moves, we will follow closely. Therefore, it seems that being long or short is not important; harvesting profits is the key.

The four-hour chart of gold continues to show a bottom signal, with two large bullish candlesticks supporting the bottom. It also displays an obvious double bottom pattern. The two large bullish candlesticks started to gain strength directly from below the average line, breaking through the resistance with momentum. The bullish candlesticks have overpowered the average line, rallying above it. This is a clear sign of a strong bullish trend. The candlestick may pull back, but it definitely will not reverse direction. Long position at 3270.

Investment Strategy: Long gold at 3270. with a stop loss at 3260. Target at 3350.

Disclaimer: Investments are risky. Enter the market with caution.

Gold forms a double bottom at 3270, with support for buying

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Gold forms a double bottom at 3270, with support for buying

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Trader

USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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Gold forms a double bottom at 3270, with support for buying

Tech Shares Likely To Boost Taiwan Stock Market

Japanese Market Significantly Higher

China Stock Market May Remain Rangebound

Global Finance Ministers Return Empty-Handed from Washington "Seeking Answers": IMF Meeting Reveals Three Major Economic Crisis Signals

Cracks Appear in the Triangle Game Between the US, Russia, and Ukraine! Rubio Drops Tough Words: Withdraw if Negotiations Fail

The anticipated sustained pressure on demand is weighing on oil prices, and caution should be exercised near the pressure levels to guard against further declines.

Gold forms a double bottom at 3270, with support for buying

Indonesia Bourse Tipped To Open In The Green

Please sign in

Trader

USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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