Can gold rise to 2700 points this time?

10月16日

The trend of gold yesterday and today basically completely verified my trading idea yesterday. When the gold price was still at 2654 yesterday, I clearly said that the high point was definitely not 2666. At the same time, I also said that this high point would most likely break through, and the target could be seen in the 2670-2680 range, and bought at 2650 to make a lot of profit.

Now the new high has reached 2682, but it has not stood firm. Yesterday I said that as long as the gold price can stand firm at 2680, it can refresh the historical high of 2685, and look forward to the 2700 integer mark. Today I also maintain this view unchanged.

Now the gold price is correcting, I think this is a move to accumulate power to refresh the historical high, so I will look for the right time to buy again next

From the Fibonacci retracement indicator of this rise, 2665 is at 0.618, and 2660 is at 0.5, so I think that if it cannot stand firm above 2680, the gold price is likely to fall back to the support range of 2665-2660 again. As long as it reaches this range, it can be bought again

10月16日

交易進行

Gold price just tested the historical high of 2685, but failed to break through. Now it is correcting to 2673. We still insist on waiting for the correction and looking for opportunities to buy.

10月16日

交易進行

The callback is still going on. Don't rush in now. You can wait and see.

10月16日

交易進行

The US dollar is very strong now, and gold is likely to pull back again, so I will continue to wait for the support area of ​​2665-2660 before considering whether to buy.