Gold's latest analysis: Peak at 2720
Gold's latest analysis: Peak at 2720
Next, will gold continue to break through or return to the range of fluctuations?
Four-hour cycle: As shown in the figure (Mirror Trading Principle)
Gold continued to rise strongly with the opening of the Asian session and has reached the top: around 2720
(1): Retracement range: 2720-2660 (Key point: The recent average price of the main bulls led by China is around 2670)
(2): 60-day moving average support: 2665-2675
Summary: 2660-2670 is a super strong support. In the short term, this is the bottom reference. The intraday low-to-long idea is an unbeatable trading idea
Strategy reference: (Long idea)
SL: 2660
I define the 2660-2670 range as the last stop loss position for long gold trading.
Next, will gold continue to break through or return to the range of fluctuations?
Four-hour cycle: As shown in the figure (Mirror Trading Principle)
Gold continued to rise strongly with the opening of the Asian session and has reached the top: around 2720
(1): Retracement range: 2720-2660 (Key point: The recent average price of the main bulls led by China is around 2670)
(2): 60-day moving average support: 2665-2675
Summary: 2660-2670 is a super strong support. In the short term, this is the bottom reference. The intraday low-to-long idea is an unbeatable trading idea
Strategy reference: (Long idea)
SL: 2660
I define the 2660-2670 range as the last stop loss position for long gold trading.
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