Gold saw no dramatic ups and downs on Friday, only a steady upward trend, closing at 3886. A break above 3900 next week is a sure thing. After all, a bull market needs to maintain its upward momentum. Those who follow me know that I always emphasize buying on pullbacks, and have successfully placed long positions on the downside many times. Gold has repeatedly experienced technical pullbacks after rising, so I never recommend buying at high levels. In a market characterized by sharp ups and downs, only steady progress can reap profits. Going long remains the dominant trend, and buying on pullbacks is our prudent strategy. If your current trading is not ideal, and we hope to help you avoid investment pitfalls, please feel free to discuss!
Based on the 4-hour market trend, focus on short-term support at 3846-54 and key support at 3795-3800. The bull market is strong and there’s no end in sight. Trading strategies should prioritize buying on pullbacks. In the middle, be cautious about buying on pullbacks and patiently wait for key entry points. I’ll provide detailed trading strategies during the trading session, so stay tuned.
Go long in the 3846-3854 range, and add to your position if it retraces to the 3825-3828 level. Target 3895-3900. If it breaks, hold on!
