Can gold's strong rise set new highs?

hace 3 días

In the face of a strong market, technical indicators have lost their sensitivity, but they can still be used as a reference. For example, the current moving average opening is in an enlarged state, which also shows that gold is in a bullish situation to a certain extent. Long is better than short. The operation strategy for next week's opening is to go long on the decline. The support below is 2647, and the long target is up to 2670! The 1-hour moving average of gold finally formed a golden cross upward, but now is the time when the golden cross has just formed, so gold will have room for further rise only if there is no big correction next week. Gold can go long first when it falls back to 2645 next week, and pay attention to the resistance of 2670 above. If it cannot break through, be careful to fall under pressure. Go long on the decline next week, and don't chase the rise when it goes high. On the whole, the short-term operation strategy for gold next Monday is to go long on pullbacks and short on rebounds. The short-term focus on the upper side is the 2670-2673 line of resistance, and the short-term focus on the lower side is the 2632-2647 line of support.
Short order strategy:
Gold rebounds around 2670-2672 and shorts (buy down) 20% of the position in batches, stop loss 6 points, target around 2660-2650, break to see 2545 line
Long order strategy:
Gold pulls back around 2645-2647 and goes long (buy up) 20% of the position in batches, stop loss 6 points, target around 2655-2665, break to see 2670 line

hace 3 días

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