Today, the gold price continues to pull back and go long

Today, the gold price continues to pull back and go long

3.13: The gold market is currently bullish, especially after the release of CPI data. Although the gold price has experienced a short-term fluctuation, the overall trend is still upward.

As shown in the figure:
The four-hour cycle breaks through the range and develops upward.

Key support level:

Short-term support: 2940

Important support: 2930

Short-term resistance: 2950-55

Operation strategy:

Go long with a light position when stepping back on the support level, and stop loss when breaking through the key support.

After breaking through the resistance level, you can continue to follow up with long orders and follow the trend.

Be cautious in following orders in the medium term and wait patiently for key points to enter the market.

Operation suggestions:

Go long near 2930-2940, stop loss set below 2920, target 2950-55.