Strong channel structure, bullish on dips along the channel. It can also be combined with the CCI trend indicator. Once the CCI trend indicator returns to the center area, consider profit-taking.
Since it has set a new record high, the deviation from the valuation model is no longer important. The market’s FOMO sentiment will continue to provide positive news for gold prices. The medium- and short-term trading strategy is mainly based on continuous band bullishness, with no upper limit.
Trading strategy: (Trend following) Follow the trend line to buy on dips
Resistance reference: upper edge of the trend line
Support reference: 2720-2725; lower edge of the trend line (break stop loss)
XAUUSD 1-hour chart:1st_place_medal:
Please share your commons below~
Looks good.
