Golden Investment Strategy: Opportunities Amidst Tension
Updated
The current international situation is indeed tense, leading to a continuous rise in gold prices, which are now nearing $2700, compared to under $2000 last year. It is striking that "when the cannon fires, gold weighs heavy."
Until international relations stabilize, a significant drop in gold prices seems unlikely, so our investment strategy should favor a bullish approach.
Based on current conditions, MA30 will serve as a crucial support level; as long as this level holds, we can pursue long trades. However, a slight adjustment is expected today, potentially dropping to around $2684.
For the highs, we should look towards the $2704-$2712 range—if we reach that point, a decisive sell is advised. If $2700 remains unbroken for an extended period, consider a small short position, and upon a pullback to MA30, execute a minor long trade to see if a breakthrough occurs.
If a breakthrough happens, significant selling should take place, aiming to close positions around $2688.
Until international relations stabilize, a significant drop in gold prices seems unlikely, so our investment strategy should favor a bullish approach.
Based on current conditions, MA30 will serve as a crucial support level; as long as this level holds, we can pursue long trades. However, a slight adjustment is expected today, potentially dropping to around $2684.
For the highs, we should look towards the $2704-$2712 range—if we reach that point, a decisive sell is advised. If $2700 remains unbroken for an extended period, consider a small short position, and upon a pullback to MA30, execute a minor long trade to see if a breakthrough occurs.
If a breakthrough happens, significant selling should take place, aiming to close positions around $2688.
Trade active
The price has risen to the 2704-2712 range; close the buy orders and start selling.Trade active
Once it reaches the 2703-2696 range, we will close the short positionTrade active
Once again, I successfully grasped the trading rhythm
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