Gold: Continue to be bullish, waiting for further gains!
Since the beginning of this year, I've maintained a bullish stance on gold, consistently opening long positions. The lows have continued to rise, the price has continued to rise, and profits have continued to accumulate. Why am I so firmly bullish on gold? First and foremost, the fundamentals are favorable for a bullish market.
In the gold news, major news continues to drive gold prices higher, whether it's the increasing expectations of a Federal Reserve rate cut, the constant turmoil surrounding tariffs, or the risk-off stimulus caused by the escalating geopolitical crisis caused by the Russia-Ukraine conflict. These are all solid drivers of gold's rise. Even when the market is struggling, there's always news to stimulate buying, leading to a breakout and upward movement.
The technical picture is even more clear: the daily chart shows an upward trend, and the short-term trend is also within an upward channel, with all indicators showing positive upward movement.
Therefore, I maintain my bullish strategy in the short term. As I stated earlier, as long as the price falls below 3400 points, I can open long positions regardless of the consequences.
Gold Strategy: Gold has risen to around 3423 before a correction began. We recommend opening a long position when the price retraces to around 3403. If it falls below 3400, we would increase our long position at 3395.
Since the beginning of this year, I've maintained a bullish stance on gold, consistently opening long positions. The lows have continued to rise, the price has continued to rise, and profits have continued to accumulate. Why am I so firmly bullish on gold? First and foremost, the fundamentals are favorable for a bullish market.
In the gold news, major news continues to drive gold prices higher, whether it's the increasing expectations of a Federal Reserve rate cut, the constant turmoil surrounding tariffs, or the risk-off stimulus caused by the escalating geopolitical crisis caused by the Russia-Ukraine conflict. These are all solid drivers of gold's rise. Even when the market is struggling, there's always news to stimulate buying, leading to a breakout and upward movement.
The technical picture is even more clear: the daily chart shows an upward trend, and the short-term trend is also within an upward channel, with all indicators showing positive upward movement.
Therefore, I maintain my bullish strategy in the short term. As I stated earlier, as long as the price falls below 3400 points, I can open long positions regardless of the consequences.
Gold Strategy: Gold has risen to around 3423 before a correction began. We recommend opening a long position when the price retraces to around 3403. If it falls below 3400, we would increase our long position at 3395.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.