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1.20 Jingyi Gold Evening Review: Short-term resistance at 4800! Long-term target 5000, forecast this year reaching 7000
Intraday, buy 5 lots of citrus, profit of 78 points, exit at 22938 dollars, already settled safely.
The major bullish trend remains strong, and the next wave of rally is worth waiting for! The four-hour large bullish candlestick forms a strong support barrier, making a deep drop in gold prices extremely unlikely. Any slight pullback is an excellent opportunity to buy long positions. Currently, we are firmly avoiding short positions!
Trading suggestions
Lay out long positions in the 4720-4705 range, aiming for 4750-4800!