https://www.tradingview.com/x/3RBr9O0l/
Gold’s pullback today also coincided with the 5-day moving average near 3380 on the daily chart. This level is crucial for bullish momentum and is crucial for the European session. If the European session continues to break through the upper resistance, the US market is likely to rise further. Conversely, if the European session experiences a weak and pressured pullback, and the magnitude is too large, the US market may lose its momentum to reach new highs. If your current trading is not ideal, I hope I can help you avoid investment pitfalls. Welcome to discuss your options!
Based on the 4-hour chart, support remains at 3365-73 today. If the price retraces to this level during the day, the bullish trend remains unchanged. The short-term bullish stronghold is at 3360. If the daily chart stabilizes above this level, the bullish trend remains unchanged. I will provide detailed trading strategies during the trading session, so stay tuned.
Gold Trading Strategy:
Go long on gold if it retraces to the 3375-83 level. Cover on a dip to the 3365 level. Set a stop-loss at 3353. Target: 3400-3410. Hold if it breaks through.
