jherryPowell

Continue to be bullish after stepping back

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is still on the upward trend of bulls. As long as it does not fall below the 2030 long-empty watershed, we will continue to do more!Relying on the support of 2037 to go long and bullish in early trading, the target position above first looks at the high of 2078!

In the obvious trend market, don't keep thinking about going against the trend!Even if it is like yesterday's pullback, it is a normal pullback after the breakthrough, and it gives us more opportunities to enter the market!Today's big non-farm payrolls data is also the last chance for the bears. If the data is still maintained above 2030, then the next rally in gold will be beyond imagination!

Before today's non-farm payrolls data in Asia and Europe, it is estimated that the shock adjustment will be the main one. Our thinking remains the same, and the pullback will be more direct, and we will continue to be bullish on the new high, and the support for 2037 will be more direct above!

Everyone should be cautious before the data comes out and don't put themselves in danger.If you don't understand anything, you can find me at the link below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.