Gold has not peaked, relying on 2330 to do more! cho OANDA:XAUUSD bởi Leo-trading-star

This wave of gold is the creator of history. Both the amplitude of the increase and the rhythm of consecutive new highs are unprecedented in the history of gold. At the time of writing this blog, gold has soared to around 2353. There is no top for the large unilateral rise in the market. It can be said that a small technical retracement is as high as 30 points. Last week, three technical retracements with large fluctuations were completed. In the end, the weekly line closed with a big positive line. The shape showed that there was no peak signal on the weekly line. Our big idea this week is to continue to follow the bulls, step back and continue to look for opportunities for the bulls to get on board.

Gold completed a wave of about 30 points of retracement and then rose by 50 points. Such a fluctuation range is rare in history. It is difficult for small investors to grasp its rhythm. There is no market trend that cannot be understood all the time. , only engage in market trends that we can understand. Today's gold is a new small support at 2330-2326. Rely on this position to go long. The strong support is around 2303 during the day.

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Today it has fallen back more than 20 points from 2353, but in the current trend, do not arbitrarily believe that there is a top. In trading, it is better to focus on lows and longs. Rely on the first wave high point of 2353 to participate in defense. It is not that you cannot go short in the recent market. Short selling can only rely on the previous high as a defense. Once the high is broken, just give up all short orders. Do not forcefully add short positions!

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