Gold surged strongly yesterday, and we will go long next week!
Everything is within my analysis. Yesterday, the 2000 mark that everyone was optimistic about successfully broke through and stabilized. Many more factors remain affected by tensions. Recently, wars have continued in some areas, and risk aversion sentiment in gold prices has increased again. Presumably, gold prices will stabilize this time. After hitting the 2,000-point mark, it is difficult to fall back in a short period of time, and this is the fourth time it has touched the 2,000-point mark. Although the statement "there are only three things to do" is unfounded, we must always be prepared to see through the historical highs in 2080! Let’s go long next Monday!
Judging from the weekly pattern, the closing pattern in recent weeks is still a big positive line, but the real part has gradually shortened. This may also be the reason for the pressure approaching the 2,000 mark in the early stage. Now that it has broken through, whether it can further break through the weekly line, the key is that the pressure can be directly looked at around 2080. The early trend will continue to rise next week, and the operation can continue to be low and long!
Technical analysis shows that gold prices have a tendency to fall below the one-hour trend line, the moving averages cross, and gold prices fall below trend line support. However, due to the tense situation at that time, risk aversion in gold prices increased again, and gold prices had to return to the long position. , and the moving average crosses again to form a golden cross, and it is still running in the golden cross trend. The overall trend of the hourly line is also longer. In the operation layout next Monday, when the price returns to around 2000, boldly go long. The lower support will focus on the 1993 line, and the upper space will be wide open. The target will continue to look towards 2080!
Trading strategy: Gold will be above 2000 next Monday, stop loss 1992, target 2015
If you have any better ideas, please let me know below
Trade active:
Big data next week is tempting, so you need to prepare in advance
Trade active:
When you see my signal, you should be ready, bro.
Trade active:
The uptrend is already on, so don't worry
Trade active:
I would like to sincerely remind all traders that next week is really a good opportunity to turn around and recover losses.
Trade active:
Hello everyone, are you ready to trade?
