Congratulations to all of you who profited from the previous news update.
The trend of gold price continues to rise strongly from L1 to T2 (the most significant increase in The Million-Dollar-Patterns).
Although the short-term Red Stochastic line shows a slight crossover above 80, the long-term Gold Stochastic line still supports the upward trend. Along with the positive MACD, expanding upwards, it further reinforces the strong upward trend.
Therefore, absolutely DO NOT SELL. Wait for the gold price to retrace to convergence points of support and then Buy.
Strategy:
- Buy Limit at 2089-2096
- Stop Loss: 2075
- Take Profit: Open, targeting levels 2130, 2140, 2170, and medium-term target 2230.
Best regards,
Pham Thanh Bien
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