Gold: Continue to go long in this range

12 thg 3, 2023

Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend.



Due to the significant short-term increase, there is expected to be a need for support testing in the future. Therefore, I believe that as long as gold does not fall below the support levels of 1845 and 1860, the focus should still be on long positions. I will update specific trading points during daily trading, so please stay tuned to receive timely notifications of trading updates.