Gold's rise is not over yet, ready to buy again
After the pressure level of 2335 was broken, we decisively bought at 2332 during the correction yesterday. The gold price eventually rose to 2365, with a huge profit margin. Today, our strategy remains unchanged and we continue to be bullish. We can buy again when we wait for the support to fall back.
From the 1-hour chart, we can see that the gold price chose to break upward yesterday after the shock consolidation. The gold bulls were better in the competition between long and short positions. At the same time, the moving average continued to form a golden cross and the opening diverged upward. The gold bulls still have strength. Today, we focus on the resistance of 2380.
From the 1-hour chart, we can see that the gold price chose to break upward yesterday after the shock consolidation. The gold bulls were better in the competition between long and short positions. At the same time, the moving average continued to form a golden cross and the opening diverged upward. The gold bulls still have strength. Today, we focus on the resistance of 2380.
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