Donald-king

Can gold continue to be long?

Long
Donald-king Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold once dipped deeply on Friday, but overall it still held the 2310 line. The bulls held the 2310 line. The overall thinking was bullish.


The gold four-hour line is still bullish overall, showing an arc bottom shape. At least the K-line is still above the moving average. Even if the K-line is tested downward, it maintains a strong upward rhythm, and the K-line itself is also a support point near 2330.

Trading strategy: Gold 2326 long, stop loss 2316, target 2340

The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
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If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day
Comment:
Can I place long orders here?
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You can continue to place long orders near gold 2324
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Because the market has always stabilized above 2310, the fall of the K-line is part of the market gaining momentum. The lower the compression, the higher the K-line will naturally rebound, and the K-line will continue to maintain a stable moving average.
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Gold is on a short-term rise
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Gold long orders are making profits
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Congratulations to those who have followed gold long orders, you are making huge profits
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If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day
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Friends with little trading experience can choose to take profit
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Gold reaches above 2340
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If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day
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Comment:
Gold fell back to 2324 and then rose again. The K-line continued to exert force from below the moving average. It is currently rising strongly and continues to look above 2345.
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