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Enze: Breakthrough this week's high! The main upward wave of gold has begun
Gold's head has surged as expected, and I have been continuously providing long-side strategies and analysis. Today, gold broke through this week's high. If it can successfully hold above 5230, the head pattern will officially start.
We still maintain the idea of pulling back to buy. The technical outlook has shifted to a bullish pattern, and the head is gathering strength. A pullback is likely to be a bottoming out and rally.
Gold trading strategy:
Pull back to around 5150-5160 to buy, stop loss below 5145, target 5250-5300, continue holding if broken
Reminder:
The above analysis is based on Enze's personal view. Markets are ever-changing, and everything should be based on Enze's actual signals!