Last week, the gold market experienced unprecedented violent fluctuations. It first hit a new high of 3500, and then plummeted to 3260. In the following days, gold maintained fluctuations of more than 100$. In the current and future turbulent situation, such intense fluctuations may become the norm. This is a challenge and an opportunity. It is necessary to let an experienced analyst help you make profits.
The US dollar index bottomed out and rebounded last week, but it still failed to stand above the 100 mark. I said that as long as the US dollar index cannot break through and stand firm at the 100 mark, it will bottom out again.
As for the wave of US debt selling triggered by the tariff crisis, Trump revealed in his words that he did not feel panic. This sentence means that the market will still face great uncertainty in the future, and the demand for safe-haven may sweep back.
For gold, my main view this week is still bullish. In terms of operation, you can just buy at low levels. The key support below is in the 3270-3280 area, and the primary resistance above is 3320-3330, followed by 3370-3380. As long as it falls back to the support level during the day, you can consider buying. Gold may surge higher at any time next.
The US dollar index bottomed out and rebounded last week, but it still failed to stand above the 100 mark. I said that as long as the US dollar index cannot break through and stand firm at the 100 mark, it will bottom out again.
As for the wave of US debt selling triggered by the tariff crisis, Trump revealed in his words that he did not feel panic. This sentence means that the market will still face great uncertainty in the future, and the demand for safe-haven may sweep back.
For gold, my main view this week is still bullish. In terms of operation, you can just buy at low levels. The key support below is in the 3270-3280 area, and the primary resistance above is 3320-3330, followed by 3370-3380. As long as it falls back to the support level during the day, you can consider buying. Gold may surge higher at any time next.
Trade active
As I said in the article, gold may rise sharply at any time. As expected, choosing to be bullish is a very correct strategy, and we have made a lot of money. Congratulations to friends who copied the transaction!I just said that the current market environment is like this. This kind of intense volatility may become the norm. This is a challenge and an opportunity. If you don’t know how to analyze the market, the risks are far greater than the benefits. It is very necessary to choose an experienced analyst to help you.
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
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
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.