jherryPowell

Continue to watch the rebound for now

Long
jherryPowell Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has undoubtedly turned into a long trend now. Previously, 1956 was the watershed of long and short, and it was also the dividing line between the strength and weakness of the top and bottom conversion. Now the market has stood firm!Before it fell below this area again, it was a long shot!

With the rebound of the market, the support is gradually increasing. The small high of the Asian and European markets yesterday became the current support. The rebound of the US market yesterday was also pulled up after being supported by the 1956 position. We will rely on this position in the early trading today to continue to be long and bullish, and continue to look at the early consolidation pressure in the 1980 area!
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