XAUUSD: Pullbacks in an uptrend are buying opportunities

17 Tem

GOLD GC1! MGC1! XAUUSD

Our bullish signal at 2365 has reached the entry price, and we continue to maintain the bullish trend.

From the gold 1H chart, we can see that the current moving average continues to show a golden cross bullish upward momentum, and the price does not break the 2365 support level. As long as the next trend does not fall below the upward trend line, it will be a buying opportunity. The target continues to look at 2482 and 2500 points.

Now the main thing about doing gold trading is to judge the overall direction. If the direction is wrong, all efforts will be in vain. If the direction is right, you will make money no matter how you trade. The current gold rise is unstoppable, just go with the trend.