From a daily chart perspective, gold is currently in a very strong uptrend. The price has been steadily rising, supported by the 5-day moving average, and has seen four consecutive days of gains. Wednesday is expected to see further upward momentum.
The Bollinger Bands are widening upwards, and the moving average system is perfectly aligned in an uptrend, confirming the strength of the upward trend. The key support level is around 3820. As long as the price doesn't break below this level, the strong uptrend will likely continue. Therefore, the trading strategy should remain focused on buying on dips.
The 4-hour chart shows that while there was a significant pullback on Tuesday, the price did not break below the middle Bollinger Band. Following this, a strong rebound quickly recovered the losses and reached a new high, indicating that the previous decline was merely a technical correction, not a trend reversal. In terms of short-term operations, we need to focus on the key support area of 3855-3850 below, and we can wait for the price to fall before choosing an opportunity to go long.
Trading Strategy:
Buy at 3855-3850, with a stop loss at 3840. Target profit levels: 3880, 3890, 3900.
The Bollinger Bands are widening upwards, and the moving average system is perfectly aligned in an uptrend, confirming the strength of the upward trend. The key support level is around 3820. As long as the price doesn't break below this level, the strong uptrend will likely continue. Therefore, the trading strategy should remain focused on buying on dips.
The 4-hour chart shows that while there was a significant pullback on Tuesday, the price did not break below the middle Bollinger Band. Following this, a strong rebound quickly recovered the losses and reached a new high, indicating that the previous decline was merely a technical correction, not a trend reversal. In terms of short-term operations, we need to focus on the key support area of 3855-3850 below, and we can wait for the price to fall before choosing an opportunity to go long.
Trading Strategy:
Buy at 3855-3850, with a stop loss at 3840. Target profit levels: 3880, 3890, 3900.
As a market analyst, I have successfully turned market fluctuations into wealth with my rich trading experience and accurate trading signals.
Welcome everyone to join my signal exchange group to get the latest trading analysis.
Welcome everyone to join my signal exchange group to get the latest trading analysis.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
As a market analyst, I have successfully turned market fluctuations into wealth with my rich trading experience and accurate trading signals.
Welcome everyone to join my signal exchange group to get the latest trading analysis.
Welcome everyone to join my signal exchange group to get the latest trading analysis.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.