When everyone is bearish, I am looking for buying opportunities#XAUUSD OANDA:XAUUSD
Looking at the hourly chart, the gold price is fluctuating slowly downwards during the day. Although the bears have regained control of the market in the short term, from the perspective of the 4H cycle, we are still above the rising trend line. Therefore, our bullish attitude in the medium and long term remains unchanged. Any pullback before a significant break below the trend line should be considered a bullish entry opportunity.
In the short term, gold still has room to fall. Don't blindly chase the rise and sell the fall at this time. Wait patiently for it to fall back to the support and stabilize before participating in the transaction. As time goes by, the support points on the short-term trend line are constantly moving up. If the gold price in the European and American markets retreats to 4055-4040, we can try to go long on gold in batches with a light position, with the target looking at 4090-4115.
