Gold is still going strong

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold rushed up yesterday, and today it basically went through a short-term repair market with a small structure. This wave of rising prices is not over. The impact of CPI on gold just now is relatively small. Now the general trend of gold remains bullish, waiting for a return Step on and continue to maintain a low and bullish thinking. For gold operation, it is recommended to buy at 1900, risk control1895 and the short-term target is 1909~1915. This is the general idea, and specific operations can be tracked in the group.

Gold is bullish for several reasons:
1. Gold rose more than expected yesterday, and the successive bank failures in the United States made the market worry about systemic risks.
2. On the technical side, according to the update of the wave trading system, the rise of Wave 2 B has not yet ended, and the bullish trend will continue at present.
3. The intraday pressure is 1909~1915, and the support is 1898.5~1895.

The market is changing rapidly, especially now that one event after another has a greater impact on the market. If you don’t grasp it well, or you don’t have time to pay attention to the news, you can click on the little rocket to keep following me, and the follow-up will continue Update gold content. Thank you for your support and trust.


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