The 1-hour moving average of gold continues to diverge from the upward bullish arrangement of the golden cross, showing a step-by-step rise. The gold bulls are rising steadily. After gold fell back to the 3367 line several times yesterday, gold started to rise directly. So in the short term, gold 3367 has formed an effective support, and long orders can be opened at this position, with the target at 3400.
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If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.