Gold fluctuates in a wide range, short-term will retest the uppe
Updated
The trend of gold on Thursday was unexpected. It did not test the low point again as expected. After passing the low level of shock, it directly switched to the long trend. There is still a certain distance from the upper edge of the upper range, so the probability of continuing to reach here today is relatively high. For gold operations, it is recommended to buy at 1959, stop loss at 1955, and target 1970~1982.
The gold daily line is yin first and then yang, but it is still in the range in terms of the big cycle, so it should be bullish to undertake the trend of yesterday's yang line.
The intraday pressure was 1970~1982, and the support was 1959~1953.
Join me and I will guide you to a profitable trade 💵!
Trade active
The chances of gold rising are very high at present
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.