#XAUUSD 
XAUUSD GOLD
The daily chart is above the MA5 moving average, indicating that the bullish trend remains unchanged. However, we do not chase the price at high levels. Our core strategy is to wait for a pullback to support before going long. From the hourly chart, gold is fluctuating within the 4220-4180 range in the short term. If gold retraces to the short-term support of 4190-4180 during the European session, it is advisable to continue to go long on gold, with key support at 4160-4150. If the price rebounds to the previous high of 4250-4260, then yesterday's strategy remains valid.
XAUUSD GOLD The daily chart is above the MA5 moving average, indicating that the bullish trend remains unchanged. However, we do not chase the price at high levels. Our core strategy is to wait for a pullback to support before going long. From the hourly chart, gold is fluctuating within the 4220-4180 range in the short term. If gold retraces to the short-term support of 4190-4180 during the European session, it is advisable to continue to go long on gold, with key support at 4160-4150. If the price rebounds to the previous high of 4250-4260, then yesterday's strategy remains valid.
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Related publications
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.