The continued escalation of the Middle East war has increased risk aversion in the gold market.
At the same time, the Russian-Ukrainian negotiations broke down, and Russia launched the largest attack since 2022. Under the double attack, the market risk aversion is full.
In early Asian trading on Wednesday, the price of gold soared further to $3,314. US media reported that US intelligence agencies found that Israel was preparing to attack Iran's nuclear facilities. Benefiting from the further weakening of the US dollar and the uncertainty related to the US tax reform policy and the ceasefire negotiations between Russia and Ukraine.
Gold hourly line pattern chart;
Gold short-term analysis; The recent fluctuations of 1-200 US dollars have greatly increased the difficulty of trading for retail friends. It seems that there are many opportunities in a day, but in fact, the big market mainly appears in so many times. If you can't keep up in time, you can only watch the price jump up and down. The most feared thing is not to keep up with the market, but the most feared thing is that the price returns to the same point, but the principal is gradually reduced.
Gold has risen more than 100 points unilaterally. It is very difficult to turn around quickly. According to the trend of this trend, there is a high probability of high-level fluctuations in the near future, and even a small break of the new high. You need to be more cautious if you want to sell.
From the current 4-hour analysis, we continue to pay attention to the support of 3280-85 below, pay attention to the long-short wind watershed support of 3253-60, pay attention to the short-term suppression of 3321 above, and focus on the suppression of 3340-45. I will update the specific operation strategy. You can pay attention to it.
Buy gold when it pulls back to 3280-3285, target 3316-3320, and look at 3340-3345 when it breaks;
Sell gold with a light position at 3320-3325 when it rebounds, and continue to sell at 3335-3340 when it rebounds, stop loss 3349, target 3285-3290, and continue to hold when it breaks;
At the same time, the Russian-Ukrainian negotiations broke down, and Russia launched the largest attack since 2022. Under the double attack, the market risk aversion is full.
In early Asian trading on Wednesday, the price of gold soared further to $3,314. US media reported that US intelligence agencies found that Israel was preparing to attack Iran's nuclear facilities. Benefiting from the further weakening of the US dollar and the uncertainty related to the US tax reform policy and the ceasefire negotiations between Russia and Ukraine.
Gold hourly line pattern chart;
Gold short-term analysis; The recent fluctuations of 1-200 US dollars have greatly increased the difficulty of trading for retail friends. It seems that there are many opportunities in a day, but in fact, the big market mainly appears in so many times. If you can't keep up in time, you can only watch the price jump up and down. The most feared thing is not to keep up with the market, but the most feared thing is that the price returns to the same point, but the principal is gradually reduced.
Gold has risen more than 100 points unilaterally. It is very difficult to turn around quickly. According to the trend of this trend, there is a high probability of high-level fluctuations in the near future, and even a small break of the new high. You need to be more cautious if you want to sell.
From the current 4-hour analysis, we continue to pay attention to the support of 3280-85 below, pay attention to the long-short wind watershed support of 3253-60, pay attention to the short-term suppression of 3321 above, and focus on the suppression of 3340-45. I will update the specific operation strategy. You can pay attention to it.
Buy gold when it pulls back to 3280-3285, target 3316-3320, and look at 3340-3345 when it breaks;
Sell gold with a light position at 3320-3325 when it rebounds, and continue to sell at 3335-3340 when it rebounds, stop loss 3349, target 3285-3290, and continue to hold when it breaks;
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🏆 Gold Signal
🏆 Cryptocurrency Signals
🏆 Forex Signals
🏆 More Signals...
Join me for Daily Signals and free Telegram:
t.me/+J_l6stZoLjY0Y2Nk
🏆 Cryptocurrency Signals
🏆 Forex Signals
🏆 More Signals...
Join me for Daily Signals and free Telegram:
t.me/+J_l6stZoLjY0Y2Nk
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.