📊The current gold market is completely driven by the tariff war, and market sentiment is extremely excited, resulting in a certain differentiation between technical and fundamental aspects. In this case, it is recommended to reduce the frequency of transactions, especially today is Friday, and be wary of the risk of profit-taking. No matter how the market adjusts, the only current trading strategy is to wait for a pullback to the support area before going long, and avoid blindly guessing the top, because guessing the top often disrupts the trading rhythm.
📊From the 4-hour chart, the upward trend of gold is very strong. The price of gold has climbed all the way, successfully breaking through last week's high and standing above 3200. Technical indicators show that the golden cross continues to rise, and there is no sign of slowing down for the time being. As the price of gold accelerates, if there is a pullback, it will be an ideal opportunity to go long. It is necessary to pay attention to the possible sideways consolidation area, and the price of gold may continue to rise after the pullback.
✅Short-term key price
🔴Resistance level: 3245-3250 (previous high extension level)
🟢Support level: 3167-3170 (short-term long-short boundary)
✅At present, the price of gold has climbed to a new platform height of 3200, and the risk index of the transaction has reached the highest level. In this case, unless there is sufficient funds (such as more than 100,000) to withstand large fluctuations, it is not recommended to operate against the trend, especially in short-term trading. For investors with less funds, it is recommended to wait patiently for a pullback to the technical support area before placing long orders to ensure that risks are effectively controlled.
✅Real-time Guidance Service
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
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.
✅Real-time Guidance Service
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
✅Reasonable Trading Plan
✅2-4 Trading Signals Per Day
✅Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
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.