The weak decline will not continue, Buy gold

2 thg 5

Recently, gold has been looking different every day. Yesterday, gold maintained an upward trend, but today it hit around 2328 and then fell back. The current lowest level has hit around 2295. The lack of continuation of gold's long and short positions has brought us a certain degree of difficulty in trading. Gold is currently trading near the 2298 position.
https://www.tradingview.com/x/IQTvuZgD/

Although gold continues to fluctuate and fall today, I think gold will not undergo a deep correction today.Because before the release of NFP data, the trend of gold was relatively cautious, making it difficult to form a unilateral market in the short term.And as long as gold holds the 2295-2290 area, gold bulls will still have enough energy to support gold's rebound, so we should not be overly bearish on gold.

In addition, if gold really replicates the trend after April 23 as expected, then after gold ends the first stage of rebound, there will still be a second stage of rebound. Therefore, in the short term, I think there is a high probability of gold rebounding again in the short term. Therefore, in trading, we can consider looking for suitable opportunities in advance to go long gold before gold rebounds; after gold rebounds, we can then consider shorting gold, and the target of long gold is towards the 2310-2315 area.

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2 thg 5

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Gold should hit the 2310-2315 area again on the rebound

2 thg 5

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The opportunity to go long gold has come

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Set TP:2300

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In the end, the market still lived up to my expectations. After many trials, it finally hit TP: 2300. Congratulations on our successful turnaround!

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Gold has hit lows near 2286 many times. As I reminded above, this is an opportunity to go long gold. Did you seize the opportunity to go long gold?

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Gold currently hits its highest level near 2306 and then falls again. Perhaps we can look for opportunities to participate in short-term short selling of gold again later.