The latest remarks of the Trump administration on automobile tariffs continue to ferment, and policy uncertainty has led to rising market concerns about the outlook for the global economy, and funds have accelerated into the gold market to seek safe havens. The spot gold market continued its recent strong pattern, and the price quickly rose to $3055.63 in just one hour, just one step away from the historical high of $3057.21 set on March 20. The market's risk aversion continues to heat up, coupled with the strong inflow of ETF funds, and the gold price is expected to consolidate the foundation in the $3021 support area and hit the historical high of $3057 again. Once this resistance is broken, the upper target will directly point to the integer mark of $3100, and the technical form will form a strong structure of "higher points", attracting more trend traders to enter the market and further opening up the upside space.
From a technical point of view, there are signs of overbought at the 4-hour level, but it cannot be sustained because there are risk events to support it, otherwise the decline would have continued to expand. After three days of volatility in the gold market, the range is expected to break today and tomorrow. In the short term, the upper pressure is at 3060. If it can break through and stand firm, the probability of rising again to refresh the historical high will increase. Further extension can be seen in the 3075-3080 area. On the contrary, if 3060 cannot stand firm, then technical overbought will still occur, and the decline can be seen in the 3015-3012 area support.
Signal suggestion:
Short rebound near 3065-3070, stop loss 3075, target 3055, 3048
Go long near 3033-3045, stop loss 3025, target 3050, 3063
Trading is risky, control your position reasonably.
If your trading is bad and you want to recover your losses, you can follow Baker Bitcoin Gold Trading Center for real-time and accurate signals or leave me a message. Let's move towards victory together.
XAUUSD GOLD XAUUSD GOLD XAUUSD
From a technical point of view, there are signs of overbought at the 4-hour level, but it cannot be sustained because there are risk events to support it, otherwise the decline would have continued to expand. After three days of volatility in the gold market, the range is expected to break today and tomorrow. In the short term, the upper pressure is at 3060. If it can break through and stand firm, the probability of rising again to refresh the historical high will increase. Further extension can be seen in the 3075-3080 area. On the contrary, if 3060 cannot stand firm, then technical overbought will still occur, and the decline can be seen in the 3015-3012 area support.
Signal suggestion:
Short rebound near 3065-3070, stop loss 3075, target 3055, 3048
Go long near 3033-3045, stop loss 3025, target 3050, 3063
Trading is risky, control your position reasonably.
If your trading is bad and you want to recover your losses, you can follow Baker Bitcoin Gold Trading Center for real-time and accurate signals or leave me a message. Let's move towards victory together.
XAUUSD GOLD XAUUSD GOLD XAUUSD Note
In-depth analysis of XAUUSD at night, as the US market opened, gold fell to the expected 3032 and received effective support. It has rebounded above 3045 again. If you execute a long trade, you will get a generous profit of more than 30 points.Note
3033 goes long and hits TP3050, 3060Incredible, XAUUSD achieved two consecutive wins today
If your trading is bad and you want to recover your losses, you can follow Baker Bitcoin Gold Trading Center or leave me a message for real-time and accurate signals. Let's move towards victory together.
Trade closed: stop reached
XAUUSD has started to pull back after rising to the resistance level of 3060. Traders who shorted at the resistance level have started to make profits and can pay attention to orders at appropriate positions.
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Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 210.8% per week🎁Success rate is as high as 98.55%, real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.