Go long around gold 1923, target 1938

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Emas / Dollar A.S. (OANDA:XAUUSD)

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OANDA:XAUUSD Emas / Dollar A.S.

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The bottom structure of gold is being formed, and the gold 1923 is more than one floating profit, and the target is 1938.

The gold 4-hour K line, the downward trend line has been broken by the big positive line on Friday, and the retracement did not break the trend line. Today, it even jumped higher and opened higher. The shorts failed to cover the gap. It can be seen that the gap is 1920 support It is so strong that we can see the strong kinetic energy of the bulls. Currently, the head-and-shoulders bottom structure is being formed. Only when it breaks through 1938 effectively can the bottom structure be completed. Currently, holding more than one order is bullish. 1938 is an important neckline position, and the gold price has failed to break through many times, and it can only be confirmed by breaking the position.

At present, in the floating profit of multiple orders, if 1938 cannot be broken through, then the structure of the gold price will evolve into a rectangular oscillating relay form, and the gold price will continue to plummet to 1910, but I think this possibility is very small, or even the possibility of falling below the moving average Both are small. Focus on the gains and losses of 1938 and keep up with me.

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