If you agree with this point of view, please follow and like it, the gold strategy will continue to be updated!
The price of gold has successfully broken through the $3,900 mark and is gradually approaching $4,000. This upward trend is completely in line with my recent predictions. I am not surprised and I have always maintained a long position in trading.
The main reasons for the surge in gold prices are still the same: global economic slowdown, geopolitical conflicts, rising market expectations for further interest rate cuts by the Federal Reserve, and intensified concerns about a prolonged shutdown of the US government. These are the main factors driving gold prices higher.
From a technical perspective, gold has continued to rise for 7 consecutive weeks on a weekly basis, and the price at the daily level has been stably running above the major moving averages. The medium- and long-term bullish trend of gold remains unchanged. This is the idea I have always adhered to. In the short term, gold is showing signs of fatigue after its recent surge. Historically, gold prices often retreat after rapid surges, entering a new range of fluctuations. This is the optimal time to trade. Once you've mastered the buying and selling points, both long and short trades can generate profit.
Strategy: Buy gold in the 3935-3945 area, target 3960-3970, focus on the new high above, if it breaks through, look to 3990.
The above ideas are personal opinions and are time-sensitive. The real-time strategy may change flexibly based on market trends.
The price of gold has successfully broken through the $3,900 mark and is gradually approaching $4,000. This upward trend is completely in line with my recent predictions. I am not surprised and I have always maintained a long position in trading.
The main reasons for the surge in gold prices are still the same: global economic slowdown, geopolitical conflicts, rising market expectations for further interest rate cuts by the Federal Reserve, and intensified concerns about a prolonged shutdown of the US government. These are the main factors driving gold prices higher.
From a technical perspective, gold has continued to rise for 7 consecutive weeks on a weekly basis, and the price at the daily level has been stably running above the major moving averages. The medium- and long-term bullish trend of gold remains unchanged. This is the idea I have always adhered to. In the short term, gold is showing signs of fatigue after its recent surge. Historically, gold prices often retreat after rapid surges, entering a new range of fluctuations. This is the optimal time to trade. Once you've mastered the buying and selling points, both long and short trades can generate profit.
Strategy: Buy gold in the 3935-3945 area, target 3960-3970, focus on the new high above, if it breaks through, look to 3990.
The above ideas are personal opinions and are time-sensitive. The real-time strategy may change flexibly based on market trends.
Trade active
3935-3945 Gold long positions rose as expected. Brothers who have no trading ideas, please take a look. Gold trading is being continuously updated!Trade closed: target reached
The bullish idea is correct, and the profits from long positions are further expanding!
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
Related publications
Disclaimer
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.
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
Related publications
Disclaimer
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.