Wang Chao (gold speculators): Spot gold trading strategy on Tues
Wang Chao (gold speculators): Spot gold trading strategy on Tuesday, 7.28
Direction: bullish
Spot rose fiercely on Monday, standing firm at the 1900 mark shortly after opening, and then rose like a rainbow.
Breaking through the three barriers of 1910, 1920, 1930 and 1940 in succession, and taking a break in the afternoon,
However, it rose slightly as a whole, and rose to a daily high of $1,945.52 after a slight correction in the evening.
It rose about $50 from the day before falling back overnight, and finally closed up 2.16% to $1941.58/oz.
Technical analysis: In the third wave of the monthly line, the weekly price callback rebounded and rose on the 50-day moving average;
In the short term, it continued to rise in 1960, and now it is reported: 1971;
Mid-term bullish 2120;
In the long run, the market outlook is expected to rise to a height of 2,700-3,700 US dollars in 5 to 6 years;
Short-term trading strategy: more orders (holding) near 1790, (stop loss moved to 1880), target 1902-1937 (has reached the target of 1937)
Direction: bullish
Spot rose fiercely on Monday, standing firm at the 1900 mark shortly after opening, and then rose like a rainbow.
Breaking through the three barriers of 1910, 1920, 1930 and 1940 in succession, and taking a break in the afternoon,
However, it rose slightly as a whole, and rose to a daily high of $1,945.52 after a slight correction in the evening.
It rose about $50 from the day before falling back overnight, and finally closed up 2.16% to $1941.58/oz.
Technical analysis: In the third wave of the monthly line, the weekly price callback rebounded and rose on the 50-day moving average;
In the short term, it continued to rise in 1960, and now it is reported: 1971;
Mid-term bullish 2120;
In the long run, the market outlook is expected to rise to a height of 2,700-3,700 US dollars in 5 to 6 years;
Short-term trading strategy: more orders (holding) near 1790, (stop loss moved to 1880), target 1902-1937 (has reached the target of 1937)
