Emas / Dollar A.S.

Gold breaks through. Watch for key support levels.

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Gold continues to strengthen this week, hitting new all-time highs. So far, it has reached around 3791 and is currently fluctuating at a high level.

Looking at the 4-hour chart, the Bollinger Bands continue to open upward, and gold will continue to run on the upper track of the Bollinger Bands in the short term. After a slight pullback, gold continues to strengthen. There may be periods of short-term volatility and pullbacks. A pullback will focus on the strong support at 3755. A small long position is recommended when the price retreats to this area. The profit range is 3775-3790.

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