Gold has pulled back to around 3511 and then rebounded, continuing its rebound. As I previously suggested, this pullback is merely a normal digestion after a significant surge. Once support is confirmed, the price will resume its upward trend. Long positions opened around 3540 have also been profitable. This aligns with the strategic principle that every pullback presents an opportunity to open long positions.
Currently, gold is fluctuating between 3535 and 3558, with minimal fluctuations. It seems we need to await tomorrow night's non-farm payroll data for guidance. Before Friday's release, I believe it's likely to continue fluctuating within a small range. Therefore, with limited room for movement, positions can be closed with a profit.
Strategic Approach
Gold's short-term trend is characterized by strong, high-level fluctuations. If the price pulls back to support levels of 3535, 3525, and 3510 tonight, long positions can still be opened. I personally maintain a bullish outlook on any further pullbacks. Upward targets are 3565 and 3580.
Currently, gold is fluctuating between 3535 and 3558, with minimal fluctuations. It seems we need to await tomorrow night's non-farm payroll data for guidance. Before Friday's release, I believe it's likely to continue fluctuating within a small range. Therefore, with limited room for movement, positions can be closed with a profit.
Strategic Approach
Gold's short-term trend is characterized by strong, high-level fluctuations. If the price pulls back to support levels of 3535, 3525, and 3510 tonight, long positions can still be opened. I personally maintain a bullish outlook on any further pullbacks. Upward targets are 3565 and 3580.
Thirteen years of experience in gold analysis: stable returns are the key to long-term
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
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.
Thirteen years of experience in gold analysis: stable returns are the key to long-term
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
👇Free Strategy Guidance Channel👇
t.me/Violet_home0808
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.