Go long gold and count the money with your eyes closed

16 apr

Dear friends, judging from the current overall trend of gold, it has become the norm for the market to fluctuate widely on a roller coaster, but there is still strong support below during the pullback. The short-term level has successfully built a double bottom structure, laying a solid support foundation for the bottom. According to the gold structure, there should be room for gold to rise, and the 2390 position is certainly not the end. Therefore, the short-term decline of gold is to better accumulate upward momentum, which is more conducive for gold to challenge the 2400 mark again.
https://www.tradingview.com/x/Nm7cxwMU/

In addition, the situation in the Middle East is getting more and more intense. Although there are occasional calms, the market risk aversion will not disappear. Once the conflict in the Middle East escalates, it will lead to a surge in market risk aversion and stimulate the rise of gold!

Therefore, in the short term, whether from a technical level or a news level, the energy of gold bulls is still tenacious, so we should follow the trend in trading and seize the opportunity to do long gold when gold falls. From this, we might as well boldly go long gold in the 2370-2365 area, and then patiently wait for the rise of gold to bring us considerable profits.

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16 apr

Trade attivo

Go long gold and count the money with your eyes closed. According to the structure of gold, there should still be room for gold to rise, and the 2390 position is definitely not the end. Therefore, the short-term decline of gold is to better accumulate upward momentum, which is more conducive to gold's challenge to the 2400 mark again.

16 apr

Trade attivo

For current trading, we can consider doing long gold appropriately in the 2370-2365 area, TP1:2380; TP2:2385

16 apr

Trade attivo

Although gold fell again, it showed strong resilience during the fall, and the energy of bulls still supported gold.

16 apr

Trade attivo

Although the current momentum of gold is very weak, during the period of narrow fluctuations, gold constructed a short-term head and shoulders bottom pattern and tested support again. The current support area of 2370 is effective, which is a typical rising pattern.

16 apr

Trade attivo

Gold has now rebounded above 2375 again and our long positions have made good profits