From the 1-hour gold chart, overnight gold closed at around 3123, with a starting point of 3076 and a high of 3128. The US session bottomed out and rebounded to a low of 3100, and retested the low of 3111 in the early morning.
Today's Asian session continued to rise to around 3148, with a starting point of 3119. The current trend fell back. But it did not break the upward trend line. The overall structure is still running strongly.
Intraday key points: top and bottom conversion support 3128 - 3125, and the upper potential channel upper rail top pressure 3155 - 3157.
In terms of operation, it is still mainly long:
1. Extremely strong strategy: that is, if it fluctuates in the range of 3128 to 3110 after midnight, it will go long on dips when the Asian session retests the low point, or break 3128 to chase long.
2. European trading strategy: split positions to go long near 3132-33, 3125-28, and adjust positions to exit if it breaks 3119.
3. Oscillation strategy: European trading breaks the watershed 3119 and turns to oscillation to go long. Pay attention to the support of 3111-3110 and 3100. Whether you can make a long decision on the spot, be cautious to go long if the European and US tradings fall.
4. Pressure risk reminder: above 3156-57, you can consider shorting, and if the speculative loss breaks 3165, adjust positions to exit.
5. Risk event: Trump will announce equal tariffs. If it meets or exceeds expectations, the price of gold is expected to rise again; if the policy is relaxed, the price of gold may usher in a substantial adjustment.
Today's Asian session continued to rise to around 3148, with a starting point of 3119. The current trend fell back. But it did not break the upward trend line. The overall structure is still running strongly.
Intraday key points: top and bottom conversion support 3128 - 3125, and the upper potential channel upper rail top pressure 3155 - 3157.
In terms of operation, it is still mainly long:
1. Extremely strong strategy: that is, if it fluctuates in the range of 3128 to 3110 after midnight, it will go long on dips when the Asian session retests the low point, or break 3128 to chase long.
2. European trading strategy: split positions to go long near 3132-33, 3125-28, and adjust positions to exit if it breaks 3119.
3. Oscillation strategy: European trading breaks the watershed 3119 and turns to oscillation to go long. Pay attention to the support of 3111-3110 and 3100. Whether you can make a long decision on the spot, be cautious to go long if the European and US tradings fall.
4. Pressure risk reminder: above 3156-57, you can consider shorting, and if the speculative loss breaks 3165, adjust positions to exit.
5. Risk event: Trump will announce equal tariffs. If it meets or exceeds expectations, the price of gold is expected to rise again; if the policy is relaxed, the price of gold may usher in a substantial adjustment.
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.