Super_Antonio

Are you worried about being long gold?

Long
Super_Antonio Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold will be very critical starting next week, especially when gold is near the 1930 position, gold may usher in a window for change. The 1940-1930 area is very critical. It is a link between the past and the future. In the early stage, we can also see that gold also consolidated here in 1940-1930, and then rebounded to 1980 again.

Therefore, we must be careful that gold rebounds upward again after being shorted in the 1940-1930 area. We can see that gold has reached the support of the lower trend line. In the past few times, it has reached the support of the trend line and then reversed. Under the current influence of the changing time window, as long as it can hold above 1930 next Monday, gold is likely to copy the previous market and move upward.

Therefore, in operation at the beginning of next week, do not chase short positions. On the contrary, we should pay attention to the support situation here from 1940-1930. As long as we are sure that 1930 support holds, we can rely on 1940-30 to enter the market and go long gold. If everything goes well, this wave of counterattack may go directly to around 1980.

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Do you hold a long position in gold? If you hold a long position in gold, do you know what your next plan should be?
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