It is normal for gold to fall back if 1984 enters the market to go long, but the K-line obviously still has support. At the same time, 1983, 1982, 1981 and 1980 can all enter the market in batches to go long. The K-line will definitely reach 2000 points today.
The signal of gold bottoming out, especially the bullish engulfment on the hourly line, is that the big positive line directly covers the negative line entity, and small positive lines continue to appear. This is an obvious bottom signal. The 50 moving average also shows an obvious reversal upward, and the big positive line is stable. Above the 50 moving average, directly crush it, and directly go long in 1984
Operation strategy: long gold at 1984, stop loss at 1976, target at 2000
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.