Goldtrading_MJ
@t_Goldtrading_MJ
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Goldtrading_MJ
Hello everyone. Let’s first take a look at the current 4-hour chart of gold: Although gold has reached a high of around 2720, there are still signs of a head and shoulders bottom on the current 4-hour chart. You can currently see that the lower shoulder position is at 2624-2620, and based on the trend of 2535-2720, 2624-2620 is right at the 618 support level. As long as the 618 support level at 2624-2620 is not broken, there is still a possibility that gold will continue to rise. Therefore, in the next process, I suggest focusing on 2624-2620 and as long as it can settle above 2624-2620, we can start buying based on the 2624-2620 area.
Goldtrading_MJ
Hello everyone. First, let's look at the current 4-hour chart of gold: Although gold has reached its peak around 2720, there are still signs of head and shoulders bottoms on the current 4-hour chart. You can see that the alt shoulder position is currently at 2624-2620 and based on the 2535-2720 trend, 2624-2620 is exactly at the 618 support position. As long as 2624-2620 does not break the 618 support position, there is still a possibility that gold will continue to rise. Therefore, I recommend focusing on 2624-2620 in the next operation. As long as it can stabilize above 2624-2620, we can start buying around 2624-2620.
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