Gold reaches new highs every day, buy after stabilization

6 Feb

There is no need to analyze the technical aspects too much. If it is strong and sideways, just buy directly. Once the correction is too deep and the stop loss is hit, continue to buy at low levels. The direction is more important than the position. The daily line has been rising continuously. Since mid-December 2024, gold has been like a wild horse running away. The gold price is completely out of control. There is no guessing the top of gold. Today's NY market continues to be bullish. There is no highest, only higher. The next target of 2900 and 3000 is no longer a dream.

In the short term, pay attention to the 2830-2840 area, which has become a new strong support. The bullish trend will be maintained in the short term. The idea is to continue to be bullish if it retraces close to the support band. If the retracement is limited, then look for opportunities to buy after the hourly line adjusts and retraces. If it stops falling and stabilizes, it is an opportunity to enter the market to buy. Use support as a defensive position to arrange a buying strategy. Currently, it touched the 2848 line in 1 hour and stopped falling slightly. Then pay attention to buying near 2848, including buying directly near the current price of 2856 and lower prices, with a stop loss below 2848. If the SL is hit, continue to buy at a lower price. The most worrying thing at the moment is missing the buying opportunity.

6 Feb

Dagangan aktif

The previous resistance level of $2853 has turned into a key support level for the day. If the gold price does not fall below this level, the bulls will still have the upper hand.

Personal opinion: Gold is likely to rise in the short term, but we need to be alert to the risk of a correction after the release of news data. The key resistance level is $2890-2900, and the support level is $2853-2830. In the short term, the gold price is expected to fluctuate in the range of $2853-2875. You can sell high and buy low.

If it falls below $2853 and the upward momentum is confirmed to be weak, it will be converted into a bearish trading strategy.

6 Feb

Nota

Gold technical analysis
Daily resistance 2900, support below 2772
Four-hour resistance 2900, support below 2855
One-hour resistance 2870, support below 2855


Suggestions:

BUY: 2900near SL: 2895
BUY: 2862near SL: 2857
BUY: 2855near SL: 2850

Technical analysis only provides trading direction!

6 Feb

Dagangan ditutup secara manual

After breaking the key support. Gold is preparing to pull back in the next few days, so I plan to hold and sell in the medium term, with a target of 1000 pips. You can enter now! Target 2750! SL 300 pips, you can enter at any position you choose, it’s all right, install SL!
XAUUSD
SELL: 2845near
SL:2880
tp:2750

6 Feb

Nota

6 Feb

Nota

I have already started the long term plan of selling. Sell above 2845, SL set at all time highs.The target is 2750~2730