Today, let’s talk about gold:
This is my first analysis of gold. Going forward, I’ll also gradually share more analysis on US stocks. The reason I didn’t share gold and US stocks before is that personally, I’m very enthusiastic about trading BTC. But a lot of people ask me about coins other than BTC, so today I’m starting to add them one by one. However, my personal focus is still BTC.
Gold is still in a bullish trend in the near term. Gold has broken through a downward trendline, and after consolidating at the bottom for more than a month, it has accumulated a lot of positions. This kind of breakout usually won’t just rise a little. Therefore, I think gold could pull back to fill the daily timeframe’s big bullish candle gap, and that would be a good opportunity to consider setting up long positions. The price is roughly around 4200–4250. In the short term, bulls are first looking at 4600; in the medium term, they’re watching for a break above 4800.
This is my first analysis of gold. Going forward, I’ll also gradually share more analysis on US stocks. The reason I didn’t share gold and US stocks before is that personally, I’m very enthusiastic about trading BTC. But a lot of people ask me about coins other than BTC, so today I’m starting to add them one by one. However, my personal focus is still BTC.
Gold is still in a bullish trend in the near term. Gold has broken through a downward trendline, and after consolidating at the bottom for more than a month, it has accumulated a lot of positions. This kind of breakout usually won’t just rise a little. Therefore, I think gold could pull back to fill the daily timeframe’s big bullish candle gap, and that would be a good opportunity to consider setting up long positions. The price is roughly around 4200–4250. In the short term, bulls are first looking at 4600; in the medium term, they’re watching for a break above 4800.