: Gold has frequently experienced false breakthroughs in the recent trend. After a rapid decline, it has been rising higher. The short-term trend is a deep V. This can also reflect that gold’s willingness to fall in the near future is actually not strong. The short-term trend has been There is a signal of bottoming out. Although long orders were wiped out in early trading, it does not affect our continued bullish thinking in the short term. After gold fell sharply and fell back to 2305 in early trading, it reversed and stood above 2312 again. Afterwards, the market's maximum correction did not exceed 5 US dollars, and it continued to reach new highs. This was an obviously misleading short-selling behavior;
In the short term, focus on the upper pressure to suppress it at 2337. If it breaks through 2337, a double bottom will be formed on the hourly chart, and the upper space will be further opened in the evening. The lower support focuses on the 2317 area.
In the short term, focus on the upper pressure to suppress it at 2337. If it breaks through 2337, a double bottom will be formed on the hourly chart, and the upper space will be further opened in the evening. The lower support focuses on the 2317 area.
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The first resistance is the 2350 area. If it stands above this area, it will open up further upside space and the next target is the 2390 area.
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2330 turns into a support level. If it remains above 2330, it will continue to be bullish. If it falls below 2330, it will rebound and be bearish.
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If it continues to remain above the 2330 area, it means that its trend is still on the upward side.
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Only when the market changes will there be opportunities to make money. If you want to get 100% accurate trading signals, you can join my channel.
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The profit-taking point of 2305 was reached perfectly, and all transactions this week were profitable without exception.