Gold: Continue to go long with a target of 1900
Updated
The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused.
Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the support range of 1867-1860.
By now, I think everyone should know how to trade!
Today's strategy is simple: go long below 1900 with a take-profit target of 1885-1899, and short above 1900 with a take-profit target of 1885-1865.
I will update and share real-time during trading hours, thank you for your attention and support!
Trade active
Gold reaches the first buying point around 1877Trade active
For long orders near 1877, you can choose to take profit, and wait for the fall to go long againNote
After taking profit, gold fell back. At present, the MACD on the 1-hour line shows signs of a dead cross. Wait for a callback. If you want to play a game, you can go short. Take profit near 1873Trade active
Gold is pulling back, waiting for short orders to take profitNote
The gold short order is close to the take profit level, you can choose to take profit or wait around 1873Note
1873 The stop profit position has arrived, congratulations to the friends who kept upNote
The short-term trading is over, pay attention to the support near gold 1867, if the support is valid, start long ordersNote
If you have enough margin, you can go long in small quantities nowNote
Long positions continueNote
Friends without long positions can enter the market in small quantitiesTrade active
Coming around 1890, there is still upward momentumNote
Gold is still rising, focus on the resistance of the 1894-1900 rangeNote
Come near 1894Note
Falling back due to resistance near 1894, pay attention to support near 1887, 1894-1900 is still a resistance zone, at present, there is still a high probability of touching 1900, and it is possible to break through and rise to around 1910Trade active
At present, it has broken the support of 1887, and the following is concerned about the vicinity of 1873. If the support is valid, continue to do more goldNote
From the 2-hour chart, it is found that gold has a deep demand for correction. If the support around 1873 is invalid, gold will fall back to around 1860, or even fall below 1860 and reach around 1855. So at present, we need to pay close attention to the support around 1873. Especially friends who still hold long positions, please ensure that your account has sufficient margin, if not, please reduce your position before the market changes to ensure that there will be no liquidationNote
Gold returns above the resistance level of 1887, continue to pay attention to the resistance of 1894-1900, and continue to pay attention to the support near 1873 belowNote
Gold reaches 1900, the next target is around 1910, pay attention to falling back and entering the marketNote
Gold has reached 1910 and is currently falling back and adjusting. It is expected to pull back to the 1894-1884 range and rise again, with a target around 1918Note
The new trading strategy has been updated. Welcome to browse. If you have any questions, you can leave me a message. At the same time, my free telegram channel has been opened. Welcome everyone to join and discuss together
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