Due to the high uncertainty of global economic development since Trump took office, the International Monetary Fund has lowered its global economic growth forecast for 2025. Coupled with the weak growth of major economies, the market is worried about the economic outlook, which is the main reason for the recent rise in gold prices.
After yesterday's pullback, gold rose again, reaching a historical high of 2830. Judging from the trend of the daily chart, the current market's bullish sentiment is still high, and the technical pressure level to continue to rise is around 2850.
If today's consolidation range can stabilize above the 2810-2820 area, you can participate in buying bullish in this area to follow the law of market development.
But at the same time, we must also pay attention to the pullback adjustment action that gold prices must need after a continuous rise. This is a technical need and a trend law. After all, a single continuous rise is rare. Therefore, any transaction we make should pay attention to timely stop-profit.
Recently, market news has been frequent, which has a great impact on the market trend. The trend forecast is only a reference and does not represent the actual entry position. One point of view, one idea, and one proposition cannot be a one-time solution. In the ever-changing market, flexibility is the best strategy.
If you want to get more detailed trading ideas and more trading signals, you can join my analysis channel or contact me. I wish you all good luck!
After yesterday's pullback, gold rose again, reaching a historical high of 2830. Judging from the trend of the daily chart, the current market's bullish sentiment is still high, and the technical pressure level to continue to rise is around 2850.
If today's consolidation range can stabilize above the 2810-2820 area, you can participate in buying bullish in this area to follow the law of market development.
But at the same time, we must also pay attention to the pullback adjustment action that gold prices must need after a continuous rise. This is a technical need and a trend law. After all, a single continuous rise is rare. Therefore, any transaction we make should pay attention to timely stop-profit.
Recently, market news has been frequent, which has a great impact on the market trend. The trend forecast is only a reference and does not represent the actual entry position. One point of view, one idea, and one proposition cannot be a one-time solution. In the ever-changing market, flexibility is the best strategy.
If you want to get more detailed trading ideas and more trading signals, you can join my analysis channel or contact me. I wish you all good luck!
Trade active
Gold stabilized in the 2810-2820 area as expected and then rose. Now it has set a new record high again. Our long orders have made a profit of $25. Congratulations to everyone.Trade closed manually
Gold is now stable at 2843. Considering the slowdown in the upward trend and the fact that it is close to the closing time, we will not continue to hold on. We can close the position and lock in the profit now.
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🟡Contact me to copy trading:
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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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
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.