freddeal

Gold next week relies on the 1908 line to do more

Long
freddeal Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

At present, gold has clearly completed the reversal. On Thursday, the Dayang line rose from the 1893 line to the 1902 support level, and on Friday the support level was pulled to the 1908 line. The bulls are clearly strong right now. Everyone can rest assured to collect money.


The golden hour line is obviously the case of the big Yang line at the bottom, especially after the 1900 mark has stabilized, the big Yang line is not soft at all, and it rises directly to around 1920, forming an obvious deep V shape, which can also be said to be a double bottom. The K line has broken through the downtrend line, is above the trend line, and the support level is also moving upwards.


Next week, we will focus on long gold. Unless the K line breaks through the 1893 line, we will focus on low bulls. are you ready?


Operating strategy: Gold above 1908, stop loss at 1900, target at 1931


The trend is still floating within my analysis, hello traders, please continue to pay attention to my analysis, I wish you a happy life
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