XAUUSD:Will it continue to rise to 2300 next week?
Gold OANDA:XAUUSD
Explorer-k
What should we do next week after gold prices jumped $46? !
It’s simple, go with the trend and go long. As the saying goes, when things go up, they don't reach the top, and when things go down, they don't reach the bottom. Look big or small, take advantage of the trend and take a short position➕Stop loss!
Under the volatile situation, gold prices hit a new all-time high again on Thursday after breaking through the previous high. The desire for short-term gains is very strong. Even though gold prices are at a very high level, the pullback is weak. This also reflects from the side that gold will continue to rise, at least 2235 is not the highest point yet! Regarding the layout of the market outlook, the short-term callback will be mainly long!
Judging from the news, as the geopolitical war continues and the Federal Reserve’s interest rate hike expectations approach, market risk aversion is still spreading crazily. Technically, there is no peak signal in any of the current cycles, which means that the bulls will still be in the driver's seat until the top signal appears! Following the trend is still the main theme! Short selling is an ancillary idea.
Judging from the current market conditions, 2300 points may be seen soon!
The above is just my current interpretation of the market. The market is changing rapidly. Specific trading strategies should be carefully studied and judged based on actual market trends. I will continue to update. follow me. Trading is that simple!
