Will gold continue to rise and break through 2009?
https://www.tradingview.com/x/nnYA7rWd/
Last week, the market experienced a super week brought about by the Federal Reserve’s interest rate decision and non-farm payrolls. However, as the overall market is still at the end of the trend dominated by risk aversion, the overall market still shows a relatively obvious differentiation pattern.
Last Thursday, I also mentioned to everyone that we should be wary of gold reaching its peak again. Sure enough, on Friday, it reached its peak again near 2004.
Gold's current daily line has risen from the early support of 1970 to around 1980. Judging from the trend, I think the bulls have not reached the position they should be at yet.
Next, it is very likely to refresh the high point here in 2010. Judging from the trend line above the daily line, the current top position is near 2020, so gold may be bought based on 1980 support this week
The top above the trend line is also near 2020, so 2020 is a high probability event.
It is very likely that it will come down again in 2020, and this possibility cannot be ruled out.
Because currently I think the higher the price of gold, the more dangerous it is.
Gold cannot always rely on geopolitical wars to rise, and it will eventually subside.
Unless there is a real world war, it is beyond our control.
Last week, the market experienced a super week brought about by the Federal Reserve’s interest rate decision and non-farm payrolls. However, as the overall market is still at the end of the trend dominated by risk aversion, the overall market still shows a relatively obvious differentiation pattern.
Last Thursday, I also mentioned to everyone that we should be wary of gold reaching its peak again. Sure enough, on Friday, it reached its peak again near 2004.
Gold's current daily line has risen from the early support of 1970 to around 1980. Judging from the trend, I think the bulls have not reached the position they should be at yet.
Next, it is very likely to refresh the high point here in 2010. Judging from the trend line above the daily line, the current top position is near 2020, so gold may be bought based on 1980 support this week
The top above the trend line is also near 2020, so 2020 is a high probability event.
It is very likely that it will come down again in 2020, and this possibility cannot be ruled out.
Because currently I think the higher the price of gold, the more dangerous it is.
Gold cannot always rely on geopolitical wars to rise, and it will eventually subside.
Unless there is a real world war, it is beyond our control.
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