4.20 Afternoon Gold Analysis for Lao Si



This round of pullback is only a normal consolidation within the upward move, not a trend reversal. In terms of trading, we still focus on going long with the trend at lower levels; pullbacks are the time to set up positions.

From the 1-hour Bollinger Bands structure, after the gold price quickly fell to complete the release of bearish momentum, it quickly rebounded and stabilized, holding above the middle Bollinger Band. In the short term, the bullish repair momentum is sufficient, and the bullish structure in the technical outlook remains intact.

Currently, the bearish strength on the market has basically been fully released, and the overall bullish trend is clear. In trading, do not short against the trend; instead, focus on buying in batches on the dips.

Trading Suggestions
Buy in batches by pulling back to the 4755-4770 range, with a stop loss set below 4740 for downside protection, targeting 4800—4830—4850.#现货黄金 #黄金
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin