4.4 Gold prices continue to rise after falling back today
Whether the market is skyrocketing, plummeting, unilateral or volatile, are you always unsure? It is the so-called fall when you buy, cut when it falls, rise when you cut, chase when it rises, chase and set, and cut after one set, it is like a dead set. Funds continue to shrink, and the process continues in a cycle. If you are in such a cycle, please stop and think about it, sum up your experience and lessons, and get ready to start again. I have always said that I am not a god, and I will make mistakes. However, although I cannot guarantee that you will make profits on every single transaction, I will use a serious and responsible attitude, accurate point judgments, and robust order-making methods to ensure that you make overall long-term profits.
BCA Research, the world's leading independent investment research provider, has been bullish on gold since November 2022, believing that demand from central banks in emerging markets will continue to drive gold prices higher. According to BCA's chief commodities and energy strategist Robert Ryan, the firm's view on gold has only become more bullish since 2022. Last week, BCA raised its gold price target to $2,300 an ounce.
Gold has surged higher again. The price of gold is now inadvertently close to the 2300 mark, and the previous expectations are about to be fulfilled. However, judging from the current market trend, the expectation of 2300 is still low. At least the 2300 mark is low and cannot sustain the existing trend.
From the weekly chart, the golden cross of the weekly K indicator is the main bull signal, with a continuous positive pattern, the main bull signal, and the bullish trend is not over. The continuous golden cross of the daily K is the main bull signal. Within 4 hours, the stochastic indicator is golden The cross is upward and the main bull is running upward. The shape is also a continuous broken sun oscillating upward. The main bull is in a bullish shape. The top-bottom transition support position is around 2265. In 1 hour, the stochastic indicator golden cross is upward. The main short-term upward continues. The shape is slow bullish. Yang's oscillating upward form, the main bull signal, the support position is around 2278, 30 minutes, the oscillating slow bull form runs upward, the top-bottom transition support position is around 2275, yesterday's first high point in the US market, below The support position is at the upper and lower positions of 2255,
To sum up: the current bull trend has not ended yet, bulls have taken the initiative, and there are many short-term operations during the day, placing two short-term supports above and below 2275 and 2265, followed by the short-term support position near 2255.
Gold operation strategy:
It is recommended to go short once it reaches 2285, stop loss 2290, and target around 2275;
It is recommended to go long once at 2265, stop loss at 2258, and target 2275-2280;
BCA Research, the world's leading independent investment research provider, has been bullish on gold since November 2022, believing that demand from central banks in emerging markets will continue to drive gold prices higher. According to BCA's chief commodities and energy strategist Robert Ryan, the firm's view on gold has only become more bullish since 2022. Last week, BCA raised its gold price target to $2,300 an ounce.
Gold has surged higher again. The price of gold is now inadvertently close to the 2300 mark, and the previous expectations are about to be fulfilled. However, judging from the current market trend, the expectation of 2300 is still low. At least the 2300 mark is low and cannot sustain the existing trend.
From the weekly chart, the golden cross of the weekly K indicator is the main bull signal, with a continuous positive pattern, the main bull signal, and the bullish trend is not over. The continuous golden cross of the daily K is the main bull signal. Within 4 hours, the stochastic indicator is golden The cross is upward and the main bull is running upward. The shape is also a continuous broken sun oscillating upward. The main bull is in a bullish shape. The top-bottom transition support position is around 2265. In 1 hour, the stochastic indicator golden cross is upward. The main short-term upward continues. The shape is slow bullish. Yang's oscillating upward form, the main bull signal, the support position is around 2278, 30 minutes, the oscillating slow bull form runs upward, the top-bottom transition support position is around 2275, yesterday's first high point in the US market, below The support position is at the upper and lower positions of 2255,
To sum up: the current bull trend has not ended yet, bulls have taken the initiative, and there are many short-term operations during the day, placing two short-term supports above and below 2275 and 2265, followed by the short-term support position near 2255.
Gold operation strategy:
It is recommended to go short once it reaches 2285, stop loss 2290, and target around 2275;
It is recommended to go long once at 2265, stop loss at 2258, and target 2275-2280;
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Gold has shot up like a rocket recently and everyone who sold them suffered huge losses, but everyone who followed my advice made huge profits and all my predictions were 100% accurate. Next, I will continue to update some gold trading information. If you need anything, please click on my channel. I will wait for you in my channel.
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