Yuan Lai's Discussion on Gold: Last week, gold surged strongly, and at the beginning of this week, we still need to go long based on the low point!

At the beginning of last week, due to the easing of the Trump incident in Russia,goldThere was a certain decline before, and on Tuesday, the House of Representatives passed a sanction bill against Russia, causing renewed tension between the two sides. At the same time, the failure of Trump's healthcare reform bill supported gold prices and began to rise in the short term.
On Thursday, the Federal Reserve announced its interest rate decision not to raise interest rates, but concerns about inflation further drove up gold prices; FridaygdpAfter a slight decline, gold continued to rise, but North Korea's missile launch ignited another bull frenzy, causing gold to skyrocket1270upper.
Gold on the daily chart has entered the third place16After several trading days, it is obvious that the market is no longer weak and has entered the upward trend channel.4Houchuang1230-1245-1259-1265A new high with a clear upward trend;1hour1243.7-1254.6Low point rise,1259-1265Raising a high point is also an upward trend,15Minute on FridaygdpAnd the missile rapidly rose to1270Above, there is no doubt that the short term is also bullish. Now, whether it's the daily chart,4Hours or1Hours and15Minutes are all bullish.
So at the beginning of the week, we remained bullish and continued to go long. The first support on Monday1268Nearby, the second support is located1265At. Our overall strategy is:
1265There are many dips on the uptrend, look1275A new high. Don't go empty.

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