Looking at the daily chart of gold, the daily line continues to close with a positive line, which is a very clear bullish signal. Before the negative line closes, no callback is considered. Dips are bullish. The stochastic indicator in the daily K has a golden cross, and gold Cross, the main trend is to go long on dips, and the bullish trend is mainly bullish. The daily K is a continued bullish trend; this is the upward direction of the trend; therefore, just continue to follow this trend direction. In 4H, the upward trend channel is obvious.
Looking at the golden 4-hour level, the four-hour K-line diverges upwards on the moving average MA5 line. The upward trend channel is obvious in 4H, the moving average MA5-MA10 is a golden cross, MACD continues to display a red kinetic energy column, and the stochastic indicator is obvious, so continue to go long. Following the golden cross signal of the indicator, today's lower support focuses on yesterday's early morning low around 2005-2007. During the day, it relies on this position to continue to be bullish. The upper target level continues to focus on breaking high. Gold's recent strong bullish dividing line has moved to 2000 points integer mark.
On the whole, the gold market is operating under a strong bullish trend. The technical picture is showing bullish signals, so it is recommended to remain long. The support below focuses on the low point of yesterday morning around 2005-2007. When the price falls back during the day, you can rely on this position to continue to be bullish. The upper target level continues to focus on breaking high, and the dividing line of gold's recent strong bulls has moved to the 2000-point integer mark.
Gold operation strategy: It is recommended to go long near 2007, stop loss 2000, and target 2017-2020;
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