The general direction of gold continues to see a rebound
At the beginning of the Gold Asian market, the bulls were ready to move, starting directly from above 1954 and reaching a new high of 1963. At present, the bulls' rebound trend has been formed, and the market will continue its upward trend after a short-term correction. Therefore, we will continue to maintain a bullish line of thinking in the evening.For gold operations, it is recommended to buy at 1954, stop loss at 1950, target 1963~1967, and continue to see 1973~1977 if you break above.
The chart is a golden 4H char
Gold is bullish for the following reasons
1. The golden daily line has bottomed out and rebounded, and the dayang line has appeared. At present, there will be a high point if the long-term momentum continues.
2. According to the update of the wave trading system, there have been three waves of adjustment pattern abc on the downside starting from 2081, and a long counterattack signal has appeared here.There are two late-stage development structures: first, the three-wave adjustment is merged into a larger level of wave A, which means that it has entered the rebound of wave B from 1924; second, the adjustment from 2081 to 1924 is only a trimming of 5 waves and 3 in the rise, then the later rise will go back to the previous high or even break through.The difference between the two lies in the height of the long rally, which is currently in the same direction.
3. The intraday pressure is from 1963 to 1967 to 1972 to 1977, and the support is from 1954 to 1948.
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