6.29 Gold Midday Review: Morning predictions fully realized, continue to hold the long strategy on pullbacks


The morning prediction of a surge followed by pullback and accumulation has fully played out. The previously provided low-level long entry range fits the current market precisely, nailing both trend judgment and entry points.

Technically, the Bollinger Bands are trending upward overall. Short-term pullbacks are repairing indicators, and the bullish structure remains intact. Key short-term support is 4045, strong support 4000; the first resistance above is 4065, strong resistance 4086.

Coco's suggestion: On pullback near 4045-4020, enter long positions in batches, aiming for 4065 and 4085; if breaks through, look at 4100. If encountering pressure near 4085-4090, take a light short position for arbitrage, with strict stop-loss and position control.

Disclaimer: The above is only personal opinion and does not constitute investment advice.
View Original
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
  • Pinned