7.11 Gold bulls rise again, beware of the black swan coming on F

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Yesterday, Thursday, the US dollar index rose first and then fell. It once approached the 98 mark before the US market, but then gave up most of the gains.

Yesterday, spot gold fluctuated around the 3320-30 US dollar mark. After the US market, it once touched 3310, but finally rebounded to above 3320 for consolidation.

Today, Friday, gold broke through the high point of 3330 yesterday in one fell swoop in the early trading.

So this is relatively good news for bulls.

If the high point of yesterday breaks through and stabilizes, it means that the bullish upward trend may continue today.

From the current 4-hour chart:




It can be found that the current 4-hour chart of gold has stabilized in the breakthrough range.

So if gold continues to go up, simply look at the previous high point.

The two recent high points are around 3345 and 3360.

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İşlem aktif

BUY: 3330 Stop loss: 3322

TP1: 3345

TP2: 3360

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İşlem kapandı: hedefe ulaştı

The first target of 45 has been completed and the profit point is 20 points