Although many things are inevitable in hindsight, they are all accidental in advance; The key is odds and common sense, use odds to resist risks, and use common sense to increase certainty. You can't go far by relying on talent or quality. It must rely on scientific training, systematic learning and independent thinking to finally form appropriate standards of right and wrong and code of conduct.
On the daily chart, gold had five consecutive bullish candles this week, providing a clear signal to go long. Following this signal, traders have been successful in making profits, taking positions from 1808 and winning repeatedly. The key to success is the harmony between knowledge and action. The market has offered an excellent opportunity, and traders who were precise and quick to switch to long positions had a fantastic experience.
Technically, the gold price has completed its downward trend and started a rebound phase on the daily chart. Next week, the market's resistance will focus on the daily Bollinger upper band at 1875 and the 1870 moving average area. On Friday, the market broke through the 1850 resistance, and the trend will likely continue upwards next week. It is suggested to consider short positions after the price rises above 1870.
The next price action may follow two possible scenarios: first, the price will continue to rise and break through the 1875 resistance level, testing the previous high position. Alternatively, the market will continue to fluctuate within the large range between 1870 and 1800. On the weekly chart, the bullish trend appears stronger, but a significant fluctuation is inevitable when the price rises to around 1875.
The specific strategy is to go long at 1845 with a stop loss at 1837 and a take profit at 1870. Disclaimer: The above suggestions are for reference only, and investment carries risks. Please trade with caution.
The market is ever-changing, so please stay updated. Thank you for your support and click the like button.
On the daily chart, gold had five consecutive bullish candles this week, providing a clear signal to go long. Following this signal, traders have been successful in making profits, taking positions from 1808 and winning repeatedly. The key to success is the harmony between knowledge and action. The market has offered an excellent opportunity, and traders who were precise and quick to switch to long positions had a fantastic experience.
Technically, the gold price has completed its downward trend and started a rebound phase on the daily chart. Next week, the market's resistance will focus on the daily Bollinger upper band at 1875 and the 1870 moving average area. On Friday, the market broke through the 1850 resistance, and the trend will likely continue upwards next week. It is suggested to consider short positions after the price rises above 1870.
The next price action may follow two possible scenarios: first, the price will continue to rise and break through the 1875 resistance level, testing the previous high position. Alternatively, the market will continue to fluctuate within the large range between 1870 and 1800. On the weekly chart, the bullish trend appears stronger, but a significant fluctuation is inevitable when the price rises to around 1875.
The specific strategy is to go long at 1845 with a stop loss at 1837 and a take profit at 1870. Disclaimer: The above suggestions are for reference only, and investment carries risks. Please trade with caution.
The market is ever-changing, so please stay updated. Thank you for your support and click the like button.
