Continue to go long on a pullback to $4,040.
Regarding the outlook for gold prices, we should be cautious in the short term, but bullish in the long term.
Despite gold prices continuing to hit new highs and buoyant market sentiment, we remain wary of the risk of a short-term pullback.
The current surge in gold ETF holdings suggests an overcrowded market, and we should be wary of a technical pullback of approximately 10% from the highs.
Gold's long-term upward trend remains intact.
Global economic uncertainty, ballooning government debt, and declining confidence in the US dollar remain.
Gold remains in the early stages of a long-term bull market. Technically, after stabilizing at $4,000, the next key resistance level is around $4,100.
Trading Strategy:
As shown in Figure 4h:
1: Wait for a pullback to $4,040 before going long.
2: Be wary of a sharp pullback around $4,100.
3: Strong support for gold prices lies around $4,000.
I am a professional gold analyst, and I will use my expertise to help you avoid gold trading pitfalls.
Regarding the outlook for gold prices, we should be cautious in the short term, but bullish in the long term.
Despite gold prices continuing to hit new highs and buoyant market sentiment, we remain wary of the risk of a short-term pullback.
The current surge in gold ETF holdings suggests an overcrowded market, and we should be wary of a technical pullback of approximately 10% from the highs.
Gold's long-term upward trend remains intact.
Global economic uncertainty, ballooning government debt, and declining confidence in the US dollar remain.
Gold remains in the early stages of a long-term bull market. Technically, after stabilizing at $4,000, the next key resistance level is around $4,100.
Trading Strategy:
As shown in Figure 4h:
1: Wait for a pullback to $4,040 before going long.
2: Be wary of a sharp pullback around $4,100.
3: Strong support for gold prices lies around $4,000.
I am a professional gold analyst, and I will use my expertise to help you avoid gold trading pitfalls.
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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.
Free Signals：t.me/+JvIxIje7hkszNjMx I will always be the best gold trader, I am Katyusha
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.