No fear of retracement, continue to be long on gold

29 Nis

Fundamentals:

1. First, focus on Trump and the Fed’s dynamics;

2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.

Technical aspects:

Gold fell after touching 3330, but it is obvious that the retracement space of gold is being compressed. The lowest price of gold only fell back to 3313, and it did not even make any attempt below 3310. With the continuous consolidation and strengthening of the support in the 3310-3300 area, the double bottom structure and the arc bottom form a technical resonance in the short term. Gold should still have room to continue to rise. I expect that gold is likely to continue to rebound and extend to the 3350-3360 area.

Trading strategy:

It is possible to consider going long on gold again after gold falls back to the 3315-3305 area, and expect gold to rise above 3350 as expected!

30 Nis

İşlem aktif

Bros, gold hit a low near 3311 during the retracement, and then rebounded to around 3328. Did you follow my trading strategy to buy gold in the 3315-3305 area? If you follow my trading strategy and go long gold again, I believe you have obtained a trading result that satisfies you!