Going long gold will definitely win

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Guld / USA-dollar (OANDA:XAUUSD)

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OANDA:XAUUSD Guld / USA-dollar

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Judging from the current trend, gold stabilized and rebounded on Tuesday. Yesterday, it closed with a small positive line. The market began to oversold and rebounded. The short-term trend was range-bound. We gave a long position in 2020 yesterday, and it also perfectly reached the 2035 profit-taking target.

Judging from the hourly chart, gold has formed a short-term support at the 2020 line, with continuous low fluctuations. The market is expected to usher in a rebound. In the morning, it continued to be bullish with the 2020 support. Pay attention to the short-term and long positions around 2027-26, and the target is 2034-40. first line

In terms of layout, gold is long around 2027-26, stop loss in 2020, and the target is 2034-40.

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