There is no unsuccessful investment, only unsuccessful operation. The spot market is different from other financial investments. It is very important to grasp the news. Without professional people to analyze the news and without the relative technical analysis level, how many people will not lose money if they rush into the market? But you have to find a way after losing money. In fact, most people do not succeed in investing at the beginning. I believe that including you who are reading this article now, you must have suffered from the reality in the beginning. Later, because you spent enough time to study how to do the transaction well, you have achieved your current achievements by constantly absorbing new information, constantly absorbing others' suggestions, and constantly learning.
People are often greedy and always want to catch the highest or lowest point in the market, so that they miss the opportunity to enter the market while waiting for the best point. This is a problem that all investors have. Profit is equal to good ideas plus good methods. No matter how good the ideas are, if the operation methods are not good, it will be in vain.
Gold trend analysis:
The gold market was closed on Friday (April 18) due to the Good Friday holiday. Spot gold fell slightly by 0.48% to close at $3,327.04 on Thursday after hitting a record high of $3,357.66 per ounce. Despite the short-term correction, gold prices still rose by more than 2% this week, and the strong pattern remained unchanged. Analysts pointed out that due to Good Friday, some investors chose to take profits in advance, which put pressure on gold prices. However, the market generally believes that any sharp correction may attract new buying, as global economic uncertainty in 2025 still supports the safe-haven demand for gold.
From a technical perspective, at the daily level, gold prices have maintained a clear upward channel since the beginning of this year, and the MA55 and MA200 moving averages show an ideal long arrangement, indicating that the medium-term upward trend is still strong. However, the RSI (14) reached 72.46, entering a relatively obvious overbought area, suggesting that the risk of short-term adjustments has increased. Gold prices fell after hitting a record high of $3,357.66 on Thursday. The price retreated to defend the 3,280 bottom and rebounded, and is currently fluctuating above the psychological level of $3,300. The MA55 moving average is currently located near $3250.39, forming the first important support. Above this, the price remains in an upward trend. The RSI indicator fell back from the overbought area to the 63.17 level, releasing some overbought pressure, but it is still operating in a relatively strong range. Despite the short-term adjustment, the medium- and long-term upward trend of gold remains intact.
In the short term, the price of gold may fluctuate and consolidate in the range of $3250-3357, and 3357 will serve as a short-term long resistance. The $3300 mark has become a recent turning point for long and short positions. Above this mark, gold will maintain an extremely strong mode and will test 3357 again to prepare for the impact of 3400. If it fails, it may further explore the support near 3250. On the whole, the gold bullish structure has not changed, and the callback is only a correction. The operation still adopts the principle of following the trend, focusing on the impact of weekend news. The specific operation strategy will follow my real-time prompts when the market opens next Monday!
People are often greedy and always want to catch the highest or lowest point in the market, so that they miss the opportunity to enter the market while waiting for the best point. This is a problem that all investors have. Profit is equal to good ideas plus good methods. No matter how good the ideas are, if the operation methods are not good, it will be in vain.
Gold trend analysis:
The gold market was closed on Friday (April 18) due to the Good Friday holiday. Spot gold fell slightly by 0.48% to close at $3,327.04 on Thursday after hitting a record high of $3,357.66 per ounce. Despite the short-term correction, gold prices still rose by more than 2% this week, and the strong pattern remained unchanged. Analysts pointed out that due to Good Friday, some investors chose to take profits in advance, which put pressure on gold prices. However, the market generally believes that any sharp correction may attract new buying, as global economic uncertainty in 2025 still supports the safe-haven demand for gold.
From a technical perspective, at the daily level, gold prices have maintained a clear upward channel since the beginning of this year, and the MA55 and MA200 moving averages show an ideal long arrangement, indicating that the medium-term upward trend is still strong. However, the RSI (14) reached 72.46, entering a relatively obvious overbought area, suggesting that the risk of short-term adjustments has increased. Gold prices fell after hitting a record high of $3,357.66 on Thursday. The price retreated to defend the 3,280 bottom and rebounded, and is currently fluctuating above the psychological level of $3,300. The MA55 moving average is currently located near $3250.39, forming the first important support. Above this, the price remains in an upward trend. The RSI indicator fell back from the overbought area to the 63.17 level, releasing some overbought pressure, but it is still operating in a relatively strong range. Despite the short-term adjustment, the medium- and long-term upward trend of gold remains intact.
In the short term, the price of gold may fluctuate and consolidate in the range of $3250-3357, and 3357 will serve as a short-term long resistance. The $3300 mark has become a recent turning point for long and short positions. Above this mark, gold will maintain an extremely strong mode and will test 3357 again to prepare for the impact of 3400. If it fails, it may further explore the support near 3250. On the whole, the gold bullish structure has not changed, and the callback is only a correction. The operation still adopts the principle of following the trend, focusing on the impact of weekend news. The specific operation strategy will follow my real-time prompts when the market opens next Monday!
Trade active
Glad my analysis was correct, gold will experience a brief pullback before sprinting to 3400!
✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.
✅ Gold Scalping Signal: 4-6 signals.
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
✅ Cryptocurrency Signals: 5-8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+k9acVOilVBM2MDI0
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.