autumnbeauty

Gold fluctuates, waiting for the breakout of 2052

Long
autumnbeauty Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar


Gold fluctuated during the day, with little overall fluctuation, but the bullish thinking remained unchanged. I won’t go into details about the specific logic and basis. I already said it this morning. Currently we are still focusing on the 2016-2046 range. Long orders are optimistic about a breakthrough of 2052. If it falls back or breaks through 2016, we will not consider going long. Therefore, the current operation is still bullish and optimistic about a breakthrough of 2052.



My suggestion yesterday was to place long orders around 2030-2031 and make a profit. With yesterday's market fluctuations, the rhythm of gold once again pulled into the box range. There is still no effective breakthrough in 2050, however, it still needs to be brewed. The bullish thinking remains unchanged. The short-term cycle is still running around the low bulls in the box range. We remain bullish on the completion of the head and shoulders bottom technical pattern on the 4-hour period. If 2050 is broken, we are expected to see 2080/2100, and currently we are patiently waiting for a breakout of 2052. Of course, if it falls below 2016, it means that the pattern is destroyed and needs to be readjusted.
Trade active:
Oh my gosh, it's finally starting to rise. I'm so excited.
Trade active:
The price of gold fell back to around 2032 in the evening and has basically stabilized, and the short-term rapid rise has been confirmed! Such a strong trend has successfully broken through the high point of 2038 set in the early trading, and the chips for chasing long in the early trading have been released! Then the price of gold will continue to move towards the 2050 line! Before the U.S. market arrives, we only need to hold on to the long chips near 2033!
Trade active:
I always insisted that gold would rise, and sure enough my efforts were right.
Trade active:
Did you make any money tonight? tell me quickly
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.