Gold's retest of 4300 was expected. I issued a long signal immediately after the market opened, entering the 4220-4235 range in batches. This bullish approach is very consistent with market trends. I've already explained why I'm firmly bullish in my article: ongoing trade uncertainty, heightened geopolitical risks, and concerns that a prolonged US government shutdown could drag down economic performance continue to support the safe-haven precious metal. Furthermore, market expectations of a dovish Federal Reserve are solidifying demand for non-interest-bearing gold. As long as these factors do not change, the upward trend of gold will not be changed, which is why I am firmly bullish.
At present, the gold price has returned to above 4300 and tested the resistance level of 4380 again. It is obvious that the upper resistance still exists.
Despite this, I think there is a very high possibility of reaching 4400 this week. After last week's pullback, the price of gold has become more stable, and it is only a matter of time before the bulls continue to rise.
From a technical perspective, the short-term correction has been repaired, and the price has returned to above the major moving averages, returning to strength. The four-hour candlestick chart is showing a deep V-shaped upward trend, and the fast and slow lines have formed a golden cross, both bullish signals. Regarding our trading strategy, we will continue to maintain a low-to-long strategy. Buying opportunities can be considered in batches between 4330 and 4350. Pullbacks are signals for entering long positions, with a target of 4400. In the short term, we still need to monitor a breakout above 4380.
The above views are personal. The above views are personal thoughts. If you have the same idea, please follow and like to support! My gold strategy will be continuously updated! You can also join my channel for real-time signals.
At present, the gold price has returned to above 4300 and tested the resistance level of 4380 again. It is obvious that the upper resistance still exists.
Despite this, I think there is a very high possibility of reaching 4400 this week. After last week's pullback, the price of gold has become more stable, and it is only a matter of time before the bulls continue to rise.
From a technical perspective, the short-term correction has been repaired, and the price has returned to above the major moving averages, returning to strength. The four-hour candlestick chart is showing a deep V-shaped upward trend, and the fast and slow lines have formed a golden cross, both bullish signals. Regarding our trading strategy, we will continue to maintain a low-to-long strategy. Buying opportunities can be considered in batches between 4330 and 4350. Pullbacks are signals for entering long positions, with a target of 4400. In the short term, we still need to monitor a breakout above 4380.
The above views are personal. The above views are personal thoughts. If you have the same idea, please follow and like to support! My gold strategy will be continuously updated! You can also join my channel for real-time signals.
Trade ativo
The idea of buying gold at a low point is correct! It has been verified by the market! The price started to rebound after it pulled back to around 4330, which is the long position area mentioned in my strategy. Brothers who have not entered the market can continue to enter the market around 4330. It is expected that it will launch an attack on the high point next!Trade fechado: objetivo atingido
The long orders entered in the early stage have been closed with profits. Now the gold price has fallen again. The price of the long orders entered this time has moved down, and can be carried out in batches at 4310-4320!
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.