Gold technical pullback

Last week was a turning point in the gold trend. It is currently a technical retracement of the market after a sharp rise. Now the new bulls have saved up momentum to rise again. We are not sure where this wave of bulls will go. The weekly line tells us this week Bulls still have the motivation to continue to rise. Pay attention to whether the weekly and daily lines can stand firmly above 2000. If they cannot stand for a long time, then the bears will continue to return in the later period. After all, this surge is due to recent economic data and the Palestinian-Israeli caused by the situation.

Gold focuses on the support level of 1973 and the resistance level of 1987.
Target 2000

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1977

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Gold has fallen below 1968 and we can continue to wait for 1965. If it does not fall below 1965, we will be bullish.

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Profit 8 pip from 1965 to 1973, waiting for 1975 1980

交易开始

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1993 now

交易开始

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waiting for 2000 2005