Here are some suggested gold trading strategies

Most of the gold positions yesterday were in a profitable state, and the overall trend was relatively stable, which looked quite good!

Some economic data released not long ago was beneficial to gold, which caused a small upward movement in the price, but there was no sustained momentum, so many traders were uncertain about the direction.

As shown in the chart, it is still relatively safe to stay within the range outlined for gold, with a focus on the position around 1837. If the price breaks through this level, it will continue to rise and touch near 1845. At that time, it would be better to lean towards long positions, but with a moderate position size. Do not be too aggressive and operate with caution!

For those who are unsure, please continue to follow and click the "rocket" icon! Those who are stuck in positions can also join in for discussions!

We will continue to update the situation and walk together on this investment journey!



Stay concerned

Comment:

Gold is maintaining its volatility. Stay patient and bullish positions can still be entered into.