In terms of the one-hour trend, the price of gold is currently back on support. In addition, the current trend of gold is still in a bullish trend. After the adjustment is in place within the day, it is expected to continue towards the high of 2063.
From a technical point of view, yesterday's daily closing line was in a state of being wrapped up by the previous day, and the gold price showed a weak trend. In the short term, there is a need for another correction in the short-term gold price! But the fall does not mean a reversal. After the shock, it will still exert force again and head towards the high point of 2063! Looking at the one-hour trend, the upward trend has also slowed down under the pressure of 2063 above, and the recent highs have shown a decreasing trend. It is obvious that based on the current form, if the support is stepped back, it can be bought.
Trading Strategy: Gold 2036, Target 2063
Good luck to everyone
From a technical point of view, yesterday's daily closing line was in a state of being wrapped up by the previous day, and the gold price showed a weak trend. In the short term, there is a need for another correction in the short-term gold price! But the fall does not mean a reversal. After the shock, it will still exert force again and head towards the high point of 2063! Looking at the one-hour trend, the upward trend has also slowed down under the pressure of 2063 above, and the recent highs have shown a decreasing trend. It is obvious that based on the current form, if the support is stepped back, it can be bought.
Trading Strategy: Gold 2036, Target 2063
Good luck to everyone
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