Towards the end of the year, the gold price climb will continue

Mondo Finance Updated on 2024-01-30

In this week, ** showed a strong force that cannot be underestimated, like a beast ready to attack, and the strength of the bulls continued to increase, like a bamboo. Eventually, it managed to break through the previous ** range and hit the high of the 2070 line. Today, the ** space has far exceeded most people's expectations, and its strong medium-term trend is clearly visible, even if there is a little ** in the middle, it cannot change the large-level bullish pattern. The longer the sideways time, the greater the strength of the ** after the break. Therefore, we should keep an eye on the regional trend and follow the trend after the breakout. From a technical point of view, the overall trend maintains a strong pattern and is strong to the upside. After a short-term correction, the odds of a break are quite high. And once the high is broken, the space above will be wider.

However, we should not chase higher excessively, because blindly chasing higher may lead to losses in high arbitrage. Although the current market bullish news is frequent, in the long term, there is still no short-term downward trend. In an overall strong bull market environment, waiting for a large move in the opposite direction is a slow process. In terms of the overall trend, an upside breakout was formed after passing the lows. This Friday, it managed to break through the previous high of the 2050 line. This means that there is a high probability that the market will maintain its upward trend in the future. In the short term, there is a long upper shadow on the weekly chart, and a shooting star appears on the daily level, which is a signal of short-term resistance. Operationally, we should still wait for the opening to see the point before buying. The above is just a personal analysis and is for reference only. Investment is risky, and you need to be cautious when entering the market.

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