Gold is bullish

7 de dez. de 2023

Gold's retreat was limited. On Wednesday, gold prices remained at 2010. Although U.S. bond yields fell, a stronger U.S. dollar limited gold's upside. Once gold prices fall below 2020, gold faces the risk of a sharp correction

The golden hour line shows a W bottom signal, and the K line falls back near 2020, which is a strong support. Of course, the bottom line for bulls is still at the 2015 line. This position is also our bottom line thinking. The K line continues to remain above the 50 moving average, and the moving average has become obvious. 's curved upward,

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Gold needs to rise above 2040 to improve the short-term outlook. Once it falls below 2020, the next fall below will reach 2000.

Gold is currently bullish. Target above 2040.

7 de dez. de 2023

Nota

go long