In my opinion four hours ago, I have clearly given a long strategy. When gold fell to around 3840, I entered the market with long orders. The market conditions also fully verified that my long thinking was accurate. After touching the 3840 area, the gold price started a rebound of more than 20 US dollars, successfully reaching my first target of 3850 and the second target of 3860. The current price is still running around 3860. Is gold unable to rise further? Let me explain. Anyone with a bit of technical knowledge will know that while short-term technical indicators are trending upward, 3860 marks a new high today, and the price is currently suppressed by the 60-day moving average, causing gold to fluctuate around this level.
This area is a key point for gold in the short term. Once it breaks through, the bulls will continue to attack, otherwise it will continue to fluctuate within the range. The non-farm data originally scheduled to be released today, due to the government shutdown, the U.S. Bureau of Labor Statistics is not expected to release the non-farm employment report on Friday. This also sows uncertainty for gold. Despite this, I believe that the bullish trend of gold remains unchanged. Small adjustments in the short term will not affect the overall bullish trend. It is expected that 3900 will be achieved next week.
The gold trading strategy focuses on the gains and losses of 3860-65 during the New York trading session. According to the market situation, any trading operations will be notified in the tg channel!
This area is a key point for gold in the short term. Once it breaks through, the bulls will continue to attack, otherwise it will continue to fluctuate within the range. The non-farm data originally scheduled to be released today, due to the government shutdown, the U.S. Bureau of Labor Statistics is not expected to release the non-farm employment report on Friday. This also sows uncertainty for gold. Despite this, I believe that the bullish trend of gold remains unchanged. Small adjustments in the short term will not affect the overall bullish trend. It is expected that 3900 will be achieved next week.
The gold trading strategy focuses on the gains and losses of 3860-65 during the New York trading session. According to the market situation, any trading operations will be notified in the tg channel!
Trade active
3840 gold long orders have already seen a $20+ increase. With the New York trading session approaching, gold may reach new highs! If you don't have a trading strategy, you can join my tg channel to receive precise trading solutions.Trade closed: target reached
The gold long orders bought at 3840 are still making huge profits! Brothers who have no trading ideas can join my tg channel to get accurate trading plans!
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.