Richard-Wagner

Gold 34_33 is long, range_bound operation

Long
Richard-Wagner Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
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Gold began to retreat after the opening yesterday, and as of the end of the US market, the lowest touched around 36. It was also affected by the early closing of Labor Day. The volatility in the later period was not large, and it basically maintained a small shock situation. At present, the daily price The line is a high-level sideways pattern that continuously closes in the form of a high-level cross star. This form is likely to be the repair of the bulls. Once the downward trend continues, the bears are likely to reverse it. , while the support below remains at the 30 line, which is also a key support position in the short term. The weekly line is also mixed with the short-term moving average and the mid-rail position, so this week gold is likely to fluctuate in a large range, while last week The resulting high point is also very likely to form a breakthrough, and the current hourly line also belongs to the box as a whole, waiting for the long and short breakthrough in the short term. If either party breaks through, it is likely that they can still follow up, and then in the short term, if first The counter draw is around 34-33 and the target is around 45-55, with a loss of 27. If it falls below 30 for a long time, it needs to be adjusted.
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