5050 Long directly
The adjustment of gold has ended, and the bulls are ready to exert strength again. Enter long at the current price of 5050, still looking at the 5100 line above.
The daily level of gold is still in a bullish trend. After five consecutive bullish candles, yesterday formed a doji, but today opened with a strong bullish candle that directly engulfed the upward movement. The bulls are still strong, and the moving averages are still running upwards. Currently, the adjustment is in place, and the next target is still the 5110 line above, which is yesterday's high.
Suggestion: Long near 5050, with a stop at 5030 and a target of 5110.
The adjustment of gold has ended, and the bulls are ready to exert strength again. Enter long at the current price of 5050, still looking at the 5100 line above.
The daily level of gold is still in a bullish trend. After five consecutive bullish candles, yesterday formed a doji, but today opened with a strong bullish candle that directly engulfed the upward movement. The bulls are still strong, and the moving averages are still running upwards. Currently, the adjustment is in place, and the next target is still the 5110 line above, which is yesterday's high.
Suggestion: Long near 5050, with a stop at 5030 and a target of 5110.