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CFDs on Gold (US$ / OZ)
Long
Updated

Gold fluctuates downward, go long again when it falls back

177
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Gold is currently fluctuating downward. Although the trend is bullish, we must not rush into the market. The technical side needs to step back. We need to be cautious when going long. We need to grasp the entry position and step back to 3340-45 and then more!

From the 4-hour analysis, the short-term support below focuses on the neckline of the hourly line of last Friday, 3340-45, and the focus is on the support of 3325-30. The intraday step back continues to follow the trend and the main bullish trend remains unchanged. The short-term bullish strong dividing line focuses on the 3325 mark. The daily level stabilizes above this position and continues to follow the trend and bullish rhythm. Before falling below this position, continue to follow the trend and follow the trend. The main tone of participation. I will remind you of the specific operation strategy in the VIP group, and pay attention to it in time.

Gold operation strategy:

Gold goes long at the 3340-45 line when it steps back, and covers long positions at the 3325-30 line when it steps back, stop loss 3317, target 3365-70
Trade active
The rally is back, I think everyone has made a profit
Trade closed: target reached
Continue to wait for profit taking

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