The Price of Gold Has Just Soared and Hit 1915, Can You Continue to Buy?

09 Oct 2020, 17:12 · Views 1,518

After breaking through the 1910, gold continued to rise. It currently hits the 1915 level. Silver expanded its gains to more than 2%, while crude oil fell slightly.

Gold: further rise

Turning point: 1898.00

Trading strategy: bullish above 1898.00, the target positions are 1921.00 and 1934.00 respectively. Or, stay bearish below 1898.00, and the target position is to look at 1889.00 and 1881.00 in turn.

Reason: The RSI indicator shows upward mobility.

Silver: further rise

Turning point: 23.9700

Trading strategy: bullish above 23.9700, the target positions are 24.5000 and 24.7500 respectively. Or, stay bearish below 23.9700 and look at 23.6300 and 23.3300 in turn.

Reason: The RSI indicator suggests further gains.

Crude oil: bullish above 40.60

Turning point: 40.60

Trading strategy: bullish above 40.60, the target positions are 41.70 and 42.20 respectively. Or, stay bearish below 40.60 and look at 40.20 and 39.90 in turn.

Reason: The RSI indicator is a mixed blessing and tends to be bullish.

(Trade on your own risks, happy trading and GL)

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