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AA_Jack
Mar 25, 2024 3:18 AM

Gold prices maintain range trading, a narrow range of 2172-2180 

GOLD (US$/OZ)TVC

Description

Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high


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There is a certain profit from buying at the low level of the range

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Don't be impatient during the trading process. patiently waiting

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Gold prices have reached lower buying prices. I think buying opportunities still exist
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