斐波那契
Bullish sentiment remains unchanged?
Gold once started to rise from a low of around 3413, reaching a high near the 3500 mark.
Subsequently, the trend has been in a consolidation and pullback. So far, gold has hit a low of around 3410. It has currently pulled back and is consolidating around 3430.
From the hourly chart:
It can be found that this wave of gold's rise started from the low of 3285 last Friday.
Then it is very simple. Looking at the trend from 3285 to 3500, we can see that 3420-18 is exactly the 618 support position of the Fibonacci division line.
Moreover, today's opening low is also around 3420. If there is no actual drop below 3420, gold will definitely rebound.
Once it continues to be around 3450, it will continue to test 3500 or even new highs.
Therefore, in terms of subsequent operations, I suggest that you can enter the market and go long at 3430-3420, and the target can be 3450-3500.