Analysis of the latest trend of gold market: Analysis of gold news: Spot gold opened higher and moved higher in the morning trading on Monday (March 31), breaking through $3090/ounce and setting a new record high of $3127.73/ounce, with the largest intraday increase of 0.43%; COMEX gold futures rose to $3122/ounce, an increase of 0.25%. This market is mainly driven by geopolitical risks. Trump's threats against Iran and Russia have aggravated the market's risk aversion and stimulated investors to pour into gold assets.
Analysis of gold technical aspects: From the weekly chart of gold, after three consecutive weeks of steady upward movement, the current structure has formed four consecutive positives, and there is a lack of obvious pressure reference above, so it can only continue to be treated as a large integer range, such as the position of the 3100 mark, which is quite critical. At this stage, the short-term moving average group presents a perfect long arrangement, and the MACD indicator below is also in a golden cross state, so the bulls once again have a clear advantage.
From the daily chart of gold, although the latest inflation index shows the risk of rebound, it is more likely to be caused by the tariff policy. Therefore, risk aversion is undoubtedly the dominant factor, which also caused the gold price to rise to 3127. The current moving average group is an extremely strong upward signal. However, due to the certain distance from the current price, we should beware of the possibility of correction at the beginning of the week. On the whole, today's short-term operation of gold recommends focusing on callbacks and shortings, with the upper short-term focusing on the first-line resistance of 3135-3140 and the lower short-term focusing on the first-line support of 3105-3100.
Analysis of gold technical aspects: From the weekly chart of gold, after three consecutive weeks of steady upward movement, the current structure has formed four consecutive positives, and there is a lack of obvious pressure reference above, so it can only continue to be treated as a large integer range, such as the position of the 3100 mark, which is quite critical. At this stage, the short-term moving average group presents a perfect long arrangement, and the MACD indicator below is also in a golden cross state, so the bulls once again have a clear advantage.
From the daily chart of gold, although the latest inflation index shows the risk of rebound, it is more likely to be caused by the tariff policy. Therefore, risk aversion is undoubtedly the dominant factor, which also caused the gold price to rise to 3127. The current moving average group is an extremely strong upward signal. However, due to the certain distance from the current price, we should beware of the possibility of correction at the beginning of the week. On the whole, today's short-term operation of gold recommends focusing on callbacks and shortings, with the upper short-term focusing on the first-line resistance of 3135-3140 and the lower short-term focusing on the first-line support of 3105-3100.
Trade active
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150.Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
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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.