freddeal

Gold's surge breaks through pressure and will continue to rise n

Long
freddeal Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar


Gold rose violently on Friday, passed five levels and defeated six generals, and finally broke through the suppression! If the upward trend continues, then continue to operate with the trend next week! Rely on the integer mark of 1900 to continue to be bullish and go long!



Judging from the news, the Palestinian-Israeli conflict continues to intensify, and gold’s risk aversion sentiment increases! Coupled with the fact that the Fed is relenting, it will give up raising interest rates in the future! Gold skyrocketed! Don’t look for too many reasons for a strong upward trend, just follow the trend in operation!



The current pressure above gold is the previous pressure position of 1954. There may be adjustments after touching it, but before there is a big negative line, don't go short easily! Still bullish next week!



specific strategies



Gold is over 1920, stop loss is 1913, target is 1950.


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