Gold market analysis and operation suggestions (April 21) - Risk aversion frenzy boosts gold prices, 3400 mark is within reach
📌 Current market dynamics:
Affected by the US tariff policy and the continued rise in geopolitical risk aversion, gold continued its unilateral surge this week. Today, it opened higher again, strongly breaking through the historical high of 3357, and accelerated to above 3380. The bullish momentum is extremely strong. According to the recent trend, gold will either consolidate at a high level, and once it starts to rise, it often presents an explosive market of more than 100 US dollars on one side. Therefore, the psychological barrier of 3400 will most likely be tested today, and may even further challenge around 3430!
📊 Technical analysis:
✅ Daily level:
Moving average system: MA5-MA10 maintains golden cross upward, showing a standard bull market arrangement
Bollinger band: The upper track continues to open, without any signs of closing, and there is still room for growth
K-line structure: Continuous large positive lines with large volume, no peak signal, and going long with the trend is still the main tone
✅ Weekly level:
Three consecutive positive lines are strong upward, MACD red column is enlarged, and bulls are obviously in control
No peak signal, any pullback can be regarded as a new buying opportunity
🎯 Key support and resistance:
Support level: 3370 (today's gap), 3357 (previous high support)
Resistance level: 3400 (psychological barrier), 3430 (next target)
🔥 Today's US trading strategy:
1⃣ Aggressive long orders: Go long directly when the price falls back to around 3370, stop loss at 3360, target 3385-3400 (hold to see 3430 if it breaks)
2⃣ Steady long orders: If it falls back to 3357 (previous high support), you can arrange long orders for the second time, stop loss at 3347, target 3380-3400
3⃣ Be cautious with short orders: The current market sentiment is extremely bullish, and the risk of going against the trend is extremely high. Avoid blindly guessing the top!
💡 Trading reminder:
Gold is currently in an extremely strong market, and any pullback is an opportunity to go long
Pay attention to the breakthrough of 3400. If it stands firm, it may accelerate to hit 3430-3450
Strictly stop loss to avoid the risk of violent fluctuations caused by sudden news
🚀 Conclusion: Trend is king, follow the trend and buy low!
📌 Current market dynamics:
Affected by the US tariff policy and the continued rise in geopolitical risk aversion, gold continued its unilateral surge this week. Today, it opened higher again, strongly breaking through the historical high of 3357, and accelerated to above 3380. The bullish momentum is extremely strong. According to the recent trend, gold will either consolidate at a high level, and once it starts to rise, it often presents an explosive market of more than 100 US dollars on one side. Therefore, the psychological barrier of 3400 will most likely be tested today, and may even further challenge around 3430!
📊 Technical analysis:
✅ Daily level:
Moving average system: MA5-MA10 maintains golden cross upward, showing a standard bull market arrangement
Bollinger band: The upper track continues to open, without any signs of closing, and there is still room for growth
K-line structure: Continuous large positive lines with large volume, no peak signal, and going long with the trend is still the main tone
✅ Weekly level:
Three consecutive positive lines are strong upward, MACD red column is enlarged, and bulls are obviously in control
No peak signal, any pullback can be regarded as a new buying opportunity
🎯 Key support and resistance:
Support level: 3370 (today's gap), 3357 (previous high support)
Resistance level: 3400 (psychological barrier), 3430 (next target)
🔥 Today's US trading strategy:
1⃣ Aggressive long orders: Go long directly when the price falls back to around 3370, stop loss at 3360, target 3385-3400 (hold to see 3430 if it breaks)
2⃣ Steady long orders: If it falls back to 3357 (previous high support), you can arrange long orders for the second time, stop loss at 3347, target 3380-3400
3⃣ Be cautious with short orders: The current market sentiment is extremely bullish, and the risk of going against the trend is extremely high. Avoid blindly guessing the top!
💡 Trading reminder:
Gold is currently in an extremely strong market, and any pullback is an opportunity to go long
Pay attention to the breakthrough of 3400. If it stands firm, it may accelerate to hit 3430-3450
Strictly stop loss to avoid the risk of violent fluctuations caused by sudden news
🚀 Conclusion: Trend is king, follow the trend and buy low!
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.
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.