Gold continues to rise to new highs, where is the next target?
Atualizado
Operation: It is recommended to keep the intra-day operation low. For the lower support to focus on the 2720-2718 area, the 2700 mark can be tested and extended above, if the short strength under the 2718 area, it means that the market has a short-term pullback adjustment demand, then the high probability will go down to the 2700 mark. Gold bulls are too strong, and there is no resistance above, you can only pay attention to the 4-hour Bollinger belt on the track 2748-2750 area, you can try to short.
From a technical point of view, the daily structure continues to be positive for five consecutive days, the current price effectively runs the short-term moving average and Bollinger above the upper track, the Bollinger belt overall upward movement, the short-term moving average is a gold cross upward form, other cycle indicators also maintain long arrangement, coupled with the MACD index gold cross upward form, and then with the geopolitical situation caused by risk aversion, so the overall structure of the daily line continues to be bullish. In terms of 4 hours, stimulated by risk aversion, the intra-day price continued to rise, and once again refreshed a record high of 2737, but because the price always runs above the short-term average, and the short-term average continues to extend upward, the current short-term support is formed at 2728 and 2720, coupled with the overall upward movement of the Bollinger zone, and other cycle indicators maintain long alignment. So the bulls have the advantage in the 4-hour segment.
From a technical point of view, the daily structure continues to be positive for five consecutive days, the current price effectively runs the short-term moving average and Bollinger above the upper track, the Bollinger belt overall upward movement, the short-term moving average is a gold cross upward form, other cycle indicators also maintain long arrangement, coupled with the MACD index gold cross upward form, and then with the geopolitical situation caused by risk aversion, so the overall structure of the daily line continues to be bullish. In terms of 4 hours, stimulated by risk aversion, the intra-day price continued to rise, and once again refreshed a record high of 2737, but because the price always runs above the short-term average, and the short-term average continues to extend upward, the current short-term support is formed at 2728 and 2720, coupled with the overall upward movement of the Bollinger zone, and other cycle indicators maintain long alignment. So the bulls have the advantage in the 4-hour segment.
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