A conflict has broken out between India and Pakistan in the Kashmir region, and attention should be paid to whether the situation will escalate. This is a geopolitical event with a greater influence than the Russia-Ukraine conflict. The combined total population of Russia and Ukraine is less than 200 million, while the total population of India and Pakistan exceeds 1.6 billion! At the same time, pay attention to the dynamics of the Federal Reserve, the peace talks between Russia and Ukraine, the negotiations between the United States and Iran, as well as the situations involving Israel and Palestine, and Syria, etc. There was a large explosion at a port in Iran, leaving hundreds of people injured and dozens dead.
In view of the tariff remarks made by Trump on our country over the weekend, it has provided support for the gold bulls. The conflict between India and Pakistan and the explosion at the Iranian port have also provided support for gold. Therefore, there is a pattern that the gold price in the Boya market is likely to rise on next Monday. As for whether the decline pattern can continue after the rise, before this pattern is broken, we should assume the continuation, and adjust our thinking once it is broken. After this week's large-scale fluctuations in the gold market, next week the price is inclined to rise sharply at first and then fall back. However, considering the fundamental news, the gold bulls have a greater advantage. In fact, there is some contradiction between the fundamentals and the technical aspects! Therefore, in terms of operation, with such large-scale fluctuations, there are opportunities for both long and short positions, but neither long nor short positions should be chased blindly.
If the gold market opens normally on Monday morning, we can first take a long position. If it gaps up, do not chase the rise. Pay attention to the resistance level and consider taking a short position. If the price falls, as long as the support level between 3260 and 3270 is not broken, a long position can still be taken. Once this support level is broken, implement risk control and consider following the short position in the direction of the trend!
If your current gold trading performance is not satisfactory and you hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!
In view of the tariff remarks made by Trump on our country over the weekend, it has provided support for the gold bulls. The conflict between India and Pakistan and the explosion at the Iranian port have also provided support for gold. Therefore, there is a pattern that the gold price in the Boya market is likely to rise on next Monday. As for whether the decline pattern can continue after the rise, before this pattern is broken, we should assume the continuation, and adjust our thinking once it is broken. After this week's large-scale fluctuations in the gold market, next week the price is inclined to rise sharply at first and then fall back. However, considering the fundamental news, the gold bulls have a greater advantage. In fact, there is some contradiction between the fundamentals and the technical aspects! Therefore, in terms of operation, with such large-scale fluctuations, there are opportunities for both long and short positions, but neither long nor short positions should be chased blindly.
If the gold market opens normally on Monday morning, we can first take a long position. If it gaps up, do not chase the rise. Pay attention to the resistance level and consider taking a short position. If the price falls, as long as the support level between 3260 and 3270 is not broken, a long position can still be taken. Once this support level is broken, implement risk control and consider following the short position in the direction of the trend!
If your current gold trading performance is not satisfactory and you hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!
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You❗️CAN and ❗️SHOULD make money in trading!
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
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.