Gold intraday thoughts (9/2)
(Each day’s thoughts are only personal charting and analysis notes, not a basis for copy-trading. Trading involves risks—please consider risk first!)
Gold has almost broken through all the supports above 4300. Right now, only the 4300 level remains. But from the daily chart pattern, the probability of 4300 being broken through is also relatively high.
So, is there still a chance for a second upward push in gold?
The answer is: yes.
The biggest support below is around the 4200 area.
Then there are supports at 4250 and 4280 as well.
Among today’s rebound-buying opportunities, the best area should be around 4250. If, today, gold drops sharply and can directly reach the 4200 area, don’t hesitate—go in boldly more! (Even though “go in boldly more,” you still must follow trading discipline and set a stop-loss.)$XAU
(Each day’s thoughts are only personal charting and analysis notes, not a basis for copy-trading. Trading involves risks—please consider risk first!)
Gold has almost broken through all the supports above 4300. Right now, only the 4300 level remains. But from the daily chart pattern, the probability of 4300 being broken through is also relatively high.
So, is there still a chance for a second upward push in gold?
The answer is: yes.
The biggest support below is around the 4200 area.
Then there are supports at 4250 and 4280 as well.
Among today’s rebound-buying opportunities, the best area should be around 4250. If, today, gold drops sharply and can directly reach the 4200 area, don’t hesitate—go in boldly more! (Even though “go in boldly more,” you still must follow trading discipline and set a stop-loss.)$XAU