On the 4-hour chart of gold, it can be seen that the current candle is supported by the 4-hour Bollinger midline and is oscillating upward. At present, it is once again testing the support level of the previous high and Bollinger midline around 1845, which is an excellent long position to take advantage of! Don't miss this opportunity as it may not come again.
There is pressure in the 1860-70 range above, so it is best to consider a short position only after touching that level!
Specific strategy:
Go long on gold at 1845 with a stop loss at 1837 and a take profit at 1860. I believe there are still many friends who bought long positions around 1860 and may be trapped. You can also consider increasing your position around 1845 and gradually unlocking the profits. Similarly, those who bought long positions at 1850 can also add to their position around 1845 and wait for profit-taking to exit.
Remember, your likes, comments, and subscriptions are the greatest encouragement for me. Follow me and let trading become simpler! You are also welcome to read my other ideas below.
Trade active
Trade active
