Traders-Marvin

Gold opens higher as a safe haven, will it continue or fall back

Traders-Marvin Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In the short term, XAUUSD's slight rise in early trading was blocked by 1855. If it falls in the short term, it will be considered around 1850. For bulls, unless the war news further ferments and the trend is further strengthened, stop loss can be considered above 1840, but this long also needs to retain the possibility of stages!

If you are conservative, you can pay attention to observation and determine the key positions to consider the long and short layout, but you must control the risk within your own acceptable range. Because we cannot be sure of the impact time of the war news. In addition, short selling seems to be against the trend due to the rise caused by the news!

As for the gold trend point, it opened high at the 1845 line in early trading, and the trend is extremely strong, so the retracement will not be too much. If it fluctuates and rises, there may be more retracements, but observing the bottoming pattern in the mid-term, the market outlook in the mid-term is pointing to Sexual goals may be positioned on the 1880 line!
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