Don't be afraid of pullbacks, buy gold!
Currently, gold's rebound has stalled around the 2665 level, followed by a pullback to a low of approximately 2652. Many are likely wondering how far this retracement might extend.
From the current structure, despite the pullback, gold remains in a clear bullish trend. During its upward movement, gold gained strong momentum, breaking through multiple resistance levels at 2635, 2640, and 2655. Based on this bullish momentum, gold still has room to continue rising, with potential targets at 2670-2680 or even 2695.
It is evident that the short-term retracement in gold is likely a consolidation phase to build momentum for the next upward move. Therefore, there’s no need to fear the pullback. If gold retraces to the 2650-2640 zone, I believe this would present a strong buying opportunity to go long.
Bros, are you optimistic about the continued rise of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
From the current structure, despite the pullback, gold remains in a clear bullish trend. During its upward movement, gold gained strong momentum, breaking through multiple resistance levels at 2635, 2640, and 2655. Based on this bullish momentum, gold still has room to continue rising, with potential targets at 2670-2680 or even 2695.
It is evident that the short-term retracement in gold is likely a consolidation phase to build momentum for the next upward move. Therefore, there’s no need to fear the pullback. If gold retraces to the 2650-2640 zone, I believe this would present a strong buying opportunity to go long.
Bros, are you optimistic about the continued rise of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
交易進行
Gold fell back to around 2651 and then rebounded. Our gold long position has begun to make a profit. Have you followed my trading strategy to go long on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
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Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。