CFDs on Gold (US$ / OZ)
Long
Updated

10.1 Gold US Trading Strategy

97
Judging from the 4-hour market trend, the bulls closed with a positive sign and fluctuated at a high level. The short-term support below is 3814-25, and the important support is 3800-08. The bulls are rising strongly and there is no top. The operation is mainly to go long on pullbacks. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Trade active
Gold Trading Strategy:

Buy: Go long on gold at 3825-32, and add to your long position if it retraces to 3808-14. Stop loss at 3798, target at 3885-3890.

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