In the morning, our strategy was to lay out a long position in the range of 5020-5025, and to add more on the pullback to 5001-5010, with a target of 5060.
Currently, the price has reached a high of 5065.46, and the first target has been perfectly realized. Friends who followed the rhythm have already profited from this wave!
From the price chart, after a pullback to the support at 5010, there was a strong rally. Although there is currently a slight retracement, the overall upward channel remains intact.
On the daily level, the V-shaped reversal bullish trend has not changed at all, with the moving average system and MACD indicator maintaining a golden cross upwards, and bullish momentum is sufficient. A pullback is just an opportunity to get on board.
Current support: 5040 (key support for pullback), 5020 (bullish lifeline)
Pressure target: 5100 (next key integer level)
Follow-up operation suggestions:
If the price stabilizes in the 5040-5045 range on a pullback, continue to lay out long positions, stop loss at 5030. If it directly rallies and breaks through 5070, you can chase long positions with a stop loss at 5060 and a target of 5100.
The market will not wait for anyone; opportunities are always reserved for those who are prepared. If you are still troubled by unsatisfactory operations, or want to take fewer detours in gold investment, feel free to chat with me. Perhaps I have a solution to your trading dilemma. #黄金白银反弹 $XAU
