Short term strategy for gold : Buy with target is up 2050
☑️About news 📰
Last Friday, the Nonfarm news was good news supporting the USD to rise again.
But that day is a holiday, so the price may not react yet. At the beginning of next week we will see a little more clearly.
Maybe, gold will pull down a slight beat.
☑️About technical analysis 📈
- D1 is strong uptrend
- The 2050 crossbar is quite stiff
- The price just broke out of the 2k zone, so we need to test this area again
➡️ Wait for the price to retrace below 2k and have a confirmation signal that the candlesticks reverse up, then buy, the target is the price area of 2050 and above
Thank your following !
☑️About news 📰
Last Friday, the Nonfarm news was good news supporting the USD to rise again.
But that day is a holiday, so the price may not react yet. At the beginning of next week we will see a little more clearly.
Maybe, gold will pull down a slight beat.
☑️About technical analysis 📈
- D1 is strong uptrend
- The 2050 crossbar is quite stiff
- The price just broke out of the 2k zone, so we need to test this area again
➡️ Wait for the price to retrace below 2k and have a confirmation signal that the candlesticks reverse up, then buy, the target is the price area of 2050 and above
Thank your following !