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The bottoming out and rebounding in the morning, especially the correction of only two cross K patterns on the hourly line, the price encountered resistance at the 2567 line before the midday trading and then retreated, but based on the retreat in the morning, it would be difficult to fall again in the pattern of bullish advantage after the bottoming out and rebounding. Therefore, according to the changes in the pattern trend, we flexibly adjusted and continued to look for a strong rebound before the midday trading. The pattern of returning to strength also showed a pull-up during the day, with basically no retreat, so there is still momentum to continue to test the high point in the evening.
Gold daily level: Yesterday closed with a long upper shadow negative K, 2600 line has certain resistance, and it also tested the upper track of the channel given in the early stage. It is normal for the first decline; and yesterday's 10-day moving average support 2539 line was not given, losing a relatively good low-level buying point; from the current positive line attacking again, the 5-day moving average has broken through again and is about to swallow up yesterday's decline, which may mean that the low point of 2546 hit last night has become a short-term bottom, the correction is over, and the strong bullish trend has returned to attack, and if 2600 is repeatedly tested, it will eventually break through and set a new historical high sooner or later; In addition, from the above figure, a new green rising channel is deduced as a backup. Once the upper track of the red channel is effectively taken, the upper track of the green channel will be tested, which is probably at least above 2630; At present, the key support position of gold is near 2575. As long as gold remains above 2575, it is only a matter of time before 2600 is refreshed.
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The key support level of gold is 2575. There may be a short-term correction, but as long as it stays above 2575, it is only a matter of time before it refreshes 2600.
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I made a profit of 150 points on the long side. It is another day of enjoying profits. If you also want to make huge profits every week, click on my link and you can see my profit results.
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If gold falls back, continue to go long. Follow my trades and double your profits in a week.
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This week’s profit target has been achieved. I have helped many of my members make a lot of money in this market. Don’t stay confused. Click on my link to start your path to wealth.
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This week’s profit target has been achieved. I have helped many of my members make a lot of money in this market. Don’t stay confused. Click on my link to start your path to wealth.
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Click on my link to start your road to profit
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Gold will fall slightly in the Asian session, but it will still be mainly long after the fall. Click on my website and you will get more trading strategies.
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Gold is consistent with our prediction and has broken through a new high again. Today is Friday, let's end this perfect week with profits. If your account is not profitable yet, contacting me is your best choice.
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In the short term, gold will continue to fluctuate upward. Currently, the 2575-2585 area is the key support area. As long as gold stays above this area, it is still possible to continue to break new highs.
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