The important support of gold is in 1961, go long
Updated
Risk aversion broke out again. Gold rose sharply in the U.S. market yesterday, breaking through the resistance level of 1961-1965. It was under pressure in 1983 and remained in a range today. There is weak support around 1975-1973, and the best support is in the range of 1957-1961. If it falls here, as long as there is no news that is not good for gold, there is a high probability that it will rise.
The specific strategy is:
1975-1967 Support valid:
Purchase time: 1975-1967
tp1:1979-1982
tp2:1984-1988
Stop loss below 1960
1980-1983 range resistance failed to break
Sales period: 1980-1983
Time: 1973-1967
Break through 1985 stop loss
Trade active
has started to reboundTrade active
Gold began to take profits in batchesTrade active
1982Trade active
1988Note
It broke through the 1988 resistance, and it still has the upward momentum. If there is no accident, it will break through the previous high near 2009Note
Received resistance near 1995, pay attention to support near 1988
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