Gold market analysis:
Currently, the highest peak of gold is 3357. When we analyzed on Monday, we said that the next target of gold is 3400. Is it still far away? At that time, we also encountered a lot of opposition. We were not guessing the top, but just used an indicator of the weekly line to estimate the next target next week. The big rise does not mean the top. We need to follow the big trend this week and continue to buy. Look at Goldman Sachs and ETFs predict that gold will reach above 4000. We are just a short-term trader. In fact, the long-term direction has little to do with us. We need to follow it in the short term. Yesterday, the daily line closed positive. Yesterday, we also arranged to buy at 3270 and 3302. We should not keep buying gold today. The rapid dive in the Asian session has shown that it needs to be repaired.
The lowest price in the Asian session is 3320, and the highest price is 3357. This range is the repair range of the Asian session. You can look for profit opportunities here. In addition, its 3320 is not a strong support, but a small support. The strong support is the low point repair position of 3292 in the European and American sessions yesterday, which is also the position of the indicator and the integer mark of 3300. If the Asian session falls back sharply, we should also consider buying opportunities. Buying is the main course, and today's selling is auxiliary.
The strong pressure of gold is invisible, with a small pressure of 3357, a small support of 3320, a strong support of 3300-3292, and a watershed of 3300.
Fundamental analysis:
The recent continuous increase in tariffs has led to a strong rise in gold, and the US dollar has fallen sharply. Today, we will pay attention to the situation of unemployment benefits. Powell's speech last night was to suppress the US dollar.
Operation suggestions:
Gold-----Buy near 3300, target 3360-3400
Currently, the highest peak of gold is 3357. When we analyzed on Monday, we said that the next target of gold is 3400. Is it still far away? At that time, we also encountered a lot of opposition. We were not guessing the top, but just used an indicator of the weekly line to estimate the next target next week. The big rise does not mean the top. We need to follow the big trend this week and continue to buy. Look at Goldman Sachs and ETFs predict that gold will reach above 4000. We are just a short-term trader. In fact, the long-term direction has little to do with us. We need to follow it in the short term. Yesterday, the daily line closed positive. Yesterday, we also arranged to buy at 3270 and 3302. We should not keep buying gold today. The rapid dive in the Asian session has shown that it needs to be repaired.
The lowest price in the Asian session is 3320, and the highest price is 3357. This range is the repair range of the Asian session. You can look for profit opportunities here. In addition, its 3320 is not a strong support, but a small support. The strong support is the low point repair position of 3292 in the European and American sessions yesterday, which is also the position of the indicator and the integer mark of 3300. If the Asian session falls back sharply, we should also consider buying opportunities. Buying is the main course, and today's selling is auxiliary.
The strong pressure of gold is invisible, with a small pressure of 3357, a small support of 3320, a strong support of 3300-3292, and a watershed of 3300.
Fundamental analysis:
The recent continuous increase in tariffs has led to a strong rise in gold, and the US dollar has fallen sharply. Today, we will pay attention to the situation of unemployment benefits. Powell's speech last night was to suppress the US dollar.
Operation suggestions:
Gold-----Buy near 3300, target 3360-3400
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.