Gold Spot / U.S. DollarUpdated GOLD-analyze
Multiple Israeli media reported over the weekend that the Israel Defense Forces withdrew most of its ground troops on the 7th after April's continuous fighting in the southern Gaza Strip, including Khan Younis. There is currently only one brigade left in the Gaza Strip to prevent Gazans from returning to northern Gaza. However, there is no clear indication of a comprehensive ceasefire between Palestine and Israel, and because Israel launched a missile attack on the Iranian Embassy in Syria, it may cause Iran to counterattack, and geopolitical tensions may escalate again. For this week, the market will usher in US CPI data. and Federal Reserve meeting minutes, which need to be focused on
The key point of gold's trend this week is 2250. After falling below 2250, we will consider whether this wave of gold has peaked.
Today, the Asian market fell to around 2302, and then rose to around 2353, indicating that gold has a strong will to rise, but the rapid rise has no continuity. We are still waiting for support points before buying. If you want to sell, you can wait 2370-2075, use small lots
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Note
From the perspective of indicators, I won’t go into details about the overbought signals in each cycle. Now even the monthly line has entered the overbought zone, which means that the level of this wave of market is also the monthly line or even above. Therefore, such a rise is not unreasonable, but subsequent adjustments will at least be a sub-level decline, that is, the weekly line.Trade active
Note
No chance given today, patiently wait for the right opportunity
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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.