Last week, the price of gold fluctuated sharply. It reached a low of $2,955, a high of $3,245, and finally closed at $3,238. The maximum cumulative increase throughout the week was $290, and the trading activity in the market reached a new high for the current stage.
This rally is also extremely rare in the historical price trends of gold over the past few decades. The driving factors are far beyond traditional logic – not only driven by the heightened inflation expectations and the weakening of the US dollar, but also more deeply induced by the intensification of the cracks in the global trade system and the continuous spillover of geopolitical risks. The uncertainty pervading the market has dampened investors' confidence. Central banks and sovereign wealth funds around the world have turned to increasing their holdings of physical gold one after another to avoid the systemic risks of the US dollar and other financial assets.
We maintain our bullish view unchanged. For short-term operations, it is recommended to continue with the strategy of going long on dips. Pay special attention to the key support level of $3,200, and you can consider placing long positions near this price level.
XAUUSD
buy@3210-3220
tp:3250-3260
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
This rally is also extremely rare in the historical price trends of gold over the past few decades. The driving factors are far beyond traditional logic – not only driven by the heightened inflation expectations and the weakening of the US dollar, but also more deeply induced by the intensification of the cracks in the global trade system and the continuous spillover of geopolitical risks. The uncertainty pervading the market has dampened investors' confidence. Central banks and sovereign wealth funds around the world have turned to increasing their holdings of physical gold one after another to avoid the systemic risks of the US dollar and other financial assets.
We maintain our bullish view unchanged. For short-term operations, it is recommended to continue with the strategy of going long on dips. Pay special attention to the key support level of $3,200, and you can consider placing long positions near this price level.
XAUUSD
buy@3210-3220
tp:3250-3260
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+ecBe8sCoopZhM2Nk
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+ecBe8sCoopZhM2Nk
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.
We share various trading signals every day, with an accuracy rate of over 90%.
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+ecBe8sCoopZhM2Nk
Fans who follow us can obtain high returns every day.
If you have any questions, please feel free to contact me.
t.me/+ecBe8sCoopZhM2Nk
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.