Gold's pullback is difficult to continue, continue to go long

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The highest intraday gold price tested was around 2757.70. Although it was under pressure during the European session, the rising pattern of gold prices broke through the upper track of the short-term convergent triangle pattern, switching from one range to another. Therefore, even if it pulls back more and steps back on the trend line, it will continue to rebound upward with the support of bulls.
First, the intraday rise is a continuation of the bullish strength, with the highest test of 2757.70. Although there is no effective breakthrough at present, this position cannot be regarded as a double top pattern. Because the strength and space of the retracement are not open, it is just a high-level correction after encountering resistance. In addition, the recent operation rhythm is a correction in the bulls, and the low point is in a gradually rising rhythm, which is a manifestation of the continuous upward attack of the bulls.
Secondly, in the short term, both the 2-hour and hourly lines have been trading sideways at high levels for a long time, and they are also under pressure to correct, so there is a need for a correction in the evening, and even if there is a correction, there will not be much room for a big drop. The previous convergence triangle broke through and moved upwards during the day, so the maximum retracement is just to step back on the resistance and convert it into support to continue the rebound.

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It is recommended to go long when the gold price retreats to around 2758-2755, protect 2752, and target around 2778 high

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1 小時前

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Gold is about to reach the 2800 mark. If your account is trapped, please contact me as soon as possible. Don't wait until your account is burned. By then, everything will be too late.