GOLD falls back to support 2030, buy bullish
analyse as below:
During the day, the gold price encountered pressure from the upper 2047 line. The short-term bulls in the Asian and European markets lacked the energy to continue the upward attack. At present, they will first make a small correction to absorb the bottom chips before continuing the previous upward trend. This is also consistent with our expectations in early trading! At this stage, the gold price encounters support from the bottom 2030 moving average and the support from the 2028 trend line, so the current price of 2030 can be directly bought to be bullish!
The one-hour pattern of gold prices shows a trend of rising bottoms and rising highs. At this stage, the gold price is running above the moving average of the golden cross. Looking at the short-term trend, the bulls are absolutely sure to crush the shorts. Today, the gold price will hit the high point of 2047 again. Please wait and see!
The specific strategies are as follows:
GOLD: Buy 2030-2028 Stop Loss 2025 Target 1: 2045 Target 2: 2060
During the day, the gold price encountered pressure from the upper 2047 line. The short-term bulls in the Asian and European markets lacked the energy to continue the upward attack. At present, they will first make a small correction to absorb the bottom chips before continuing the previous upward trend. This is also consistent with our expectations in early trading! At this stage, the gold price encounters support from the bottom 2030 moving average and the support from the 2028 trend line, so the current price of 2030 can be directly bought to be bullish!
The one-hour pattern of gold prices shows a trend of rising bottoms and rising highs. At this stage, the gold price is running above the moving average of the golden cross. Looking at the short-term trend, the bulls are absolutely sure to crush the shorts. Today, the gold price will hit the high point of 2047 again. Please wait and see!
The specific strategies are as follows:
GOLD: Buy 2030-2028 Stop Loss 2025 Target 1: 2045 Target 2: 2060
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