The gold price has followed the analysis over the past week. With the current data, we can conclude that the l2 has ended its recovery phase and is starting to continue its upward trend.
t1 has completed, we’ll wait for the price to recover to the technical convergence zone around 2635 (l1).
This is highly risky, and if this behavior continues in the long run, it will not only reduce our capital but also lead to a loss of self-confidence and establish bad habits.
You can’t succeed if you keep going against the market, follow the market trend and achieve great success.
Since the price has returned to an uptrend after a short recovery phase, we should not take any orders that go against the trend.
Wishing all investors intelligent and effective investment strategies! And stay tuned for the next gold price updates.
By. Pham Thanh Bien
