Yesterday, our strategy was to continue to do more. Gold rose nearly $100 from 3334. We also bought at 3405 and 3420 respectively, and successfully won two TPs.
Following yesterday's sharp rise, gold prices continued to rise in the Asian session today, and the historical highest price of gold reached the integer mark of 3500.
The reason for the recent rise was that the market panic caused by the tariff policy continued to heat up, and US assets were sold indiscriminately. Now Trump put pressure on Powell, which damaged investors' confidence in US assets and further triggered a surge in risk aversion.
It can be said that if the tariff issue is not alleviated and the Trump administration's dissatisfaction with the Federal Reserve and Powell does not stop, market panic will be difficult to reduce, and risk aversion demand will not decline, and gold will continue to rise.
Today we are still mainly long, and the pullback is an opportunity to buy. It depends on you how to layout.
Following yesterday's sharp rise, gold prices continued to rise in the Asian session today, and the historical highest price of gold reached the integer mark of 3500.
The reason for the recent rise was that the market panic caused by the tariff policy continued to heat up, and US assets were sold indiscriminately. Now Trump put pressure on Powell, which damaged investors' confidence in US assets and further triggered a surge in risk aversion.
It can be said that if the tariff issue is not alleviated and the Trump administration's dissatisfaction with the Federal Reserve and Powell does not stop, market panic will be difficult to reduce, and risk aversion demand will not decline, and gold will continue to rise.
Today we are still mainly long, and the pullback is an opportunity to buy. It depends on you how to layout.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.