3.4 Gold price continues to maintain low bullish momentum

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3.4 Gold price continues to maintain low bullish momentum

1. Current market analysis
Trend: On Tuesday, gold price showed a clear upward trend, especially in the European session, breaking through the high point strongly, showing a strong bullish momentum.

Support and resistance: 2894-2896 area is the key support level, 2920 and 2942 are the upper resistance levels.
Gold fell back to around 2920, but the overall trend is still bullish.

2. Operation strategy
Long order strategy: Long around 2896-98, stop loss set at 2988, target 2921, 2942.

3. US market aftermarket
US market trend: It is expected that the US market may have a second pull-up, this judgment is based on the strong performance of the European session.
If the gold price can stand firm in the support area of ​​2894-2896, the probability of further rise in the US market is still relatively large.
Target: If the gold price can break through 2920, the next target can be seen at 2942. If the market sentiment continues to improve, it could even move higher.

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