Gold continues to strengthen this week, hitting new all-time highs. So far, it has reached around 3791 and is currently fluctuating at a high level.
Looking at the 4-hour chart, the Bollinger Bands continue to open upward, and gold will continue to run on the upper track of the Bollinger Bands in the short term. After a slight pullback, gold continues to strengthen. There may be periods of short-term volatility and pullbacks. A pullback will focus on the strong support at 3755. A small long position is recommended when the price retreats to this area. The profit range is 3775-3790.
Looking at the 4-hour chart, the Bollinger Bands continue to open upward, and gold will continue to run on the upper track of the Bollinger Bands in the short term. After a slight pullback, gold continues to strengthen. There may be periods of short-term volatility and pullbacks. A pullback will focus on the strong support at 3755. A small long position is recommended when the price retreats to this area. The profit range is 3775-3790.
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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.
Market analysis accuracy rate is 76.381%, leading the team to 300% market profit. Welcome to join.
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.