Gold hourly level: From the opening to now, it has been rising slowly with a small negative in the middle. It is all positive. This kind of pull-up pattern must not be tested for shorting. During the European session, it also broke through the upper rail resistance of the 3335 downward channel. There is a second pull-up in the US session; but it has not been able to step back, and even the 10-day moving average does not give a chance. If you want to step back and follow the long position, there is no chance for the time being, and going long directly seems more radical; conservative can wait patiently, be bullish, and don't go short; if it can be confirmed tonight that it is above 3335, you can try to follow the bullish trend, and the upper resistance target is 3374;
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The article does not have too many fancy words, it has always been like this. I believe that what every trader lacks is not fancy articles, but solid analysis and strong theories. I am Alan. If you are confused about the recent market conditions, or hold positions, you can leave a message to Alan for strategy guidance. Finally, I wish you all a happy trading.
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