The important support of gold is in 1961, go long

Risk aversion broke out again. Gold rose sharply in the U.S. market yesterday, breaking through the resistance level of 1961-1965. It was under pressure in 1983 and remained in a range today. There is weak support around 1975-1973, and the best support is in the range of 1957-1961. If it falls here, as long as there is no news that is not good for gold, there is a high probability that it will rise.

The specific strategy is:

1975-1967 Support valid:

Purchase time: 1975-1967

tp1:1979-1982

tp2:1984-1988

Stop loss below 1960

1980-1983 range resistance failed to break

Sales period: 1980-1983

Time: 1973-1967

Break through 1985 stop loss

Trade attivo:

has started to rebound

Trade attivo:

Gold began to take profits in batches

Trade attivo:

1982

Trade attivo:

1988

Commento:

It broke through the 1988 resistance, and it still has the upward momentum. If there is no accident, it will break through the previous high near 2009

Commento:

Received resistance near 1995, pay attention to support near 1988