As shown in the figure:
Everyone can clearly understand
200MA support: 2797
100MA support: 2882
60MA support: 2918
The overall trend structure shows a pulsed rise
Gold prices did not fall sharply on Friday, and are still fluctuating in the high range: 2920-2940
Conclusion: If gold prices do not fall on Friday, it means an increase
Then there is a high probability that they will continue to rise on Monday
From the perspective of the 4-hour cycle structure, it is expected to fall back to around 2920
So our strategy for next Monday is
After testing the pressure near 2920, continue to maintain a low-price long strategy
Target 2960--3000
Summary of this Friday's trend: Inducing a short-selling trend, the market continues to be bullish in the future
Fundamentals:
The most boring question, the most direct answer
No matter what problems occur in the future
1: Interest rate cut problem
2: War problem
3: US debt problem
4: Musk: Where did gold go?
5: Economic stagflation
......
Overall conclusion: Gold is looking at 3000+ in the future
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