Under the influence of tariffs, gold currently has significant fluctuations. As can be seen from the sharp rise on Wednesday, the safe-haven sentiment for gold has heated up again. Currently, the price is above 3,100, which is the first target point for the upward movement. If it continues to rise, it can reach 3,150, so there is still a large upward space. In addition, the CPI data will be released during the US trading session today, and this data is also likely to cause abnormal fluctuations in the price of gold.
Today, the price of international gold still has significant fluctuations under the influence of tariffs. As can be seen from the sharp rise on Wednesday, the safe-haven sentiment for gold has heated up again. Currently, the highest price is 3,130, which is the first target point for the upward movement. If it continues to rise, it can reach 3,150, so there is still a large upward space.
From a technical perspective, a powerful bullish candlestick on the daily chart has directly changed the extremely weak adjustment state in the early stage. Now, the bullish candlestick has broken through the middle band of the Bollinger Bands, pulled up the moving averages, and there is a significant trading volume. Thus, gold has entered a very strong bullish trend. In this state, it is expected to continue rising to the previous high of 3,150. Therefore, the main direction today is definitely bullish.
It is a normal trend that the small cycle has made adjustments under the suppression of 3,100. Now, the Bollinger Bands of the H4 cycle have just opened, and the one-sided upward movement has just shown the first wave of strength. There is no problem for the next wave to rise to the high point of the daily cycle. So, as long as the price of the H4 cycle falls back to the support of the one-sided moving average, it is an opportunity to go long.
XAUUSD
buy@3100-3110
tp:3130-3150
Today, the price of international gold still has significant fluctuations under the influence of tariffs. As can be seen from the sharp rise on Wednesday, the safe-haven sentiment for gold has heated up again. Currently, the highest price is 3,130, which is the first target point for the upward movement. If it continues to rise, it can reach 3,150, so there is still a large upward space.
From a technical perspective, a powerful bullish candlestick on the daily chart has directly changed the extremely weak adjustment state in the early stage. Now, the bullish candlestick has broken through the middle band of the Bollinger Bands, pulled up the moving averages, and there is a significant trading volume. Thus, gold has entered a very strong bullish trend. In this state, it is expected to continue rising to the previous high of 3,150. Therefore, the main direction today is definitely bullish.
It is a normal trend that the small cycle has made adjustments under the suppression of 3,100. Now, the Bollinger Bands of the H4 cycle have just opened, and the one-sided upward movement has just shown the first wave of strength. There is no problem for the next wave to rise to the high point of the daily cycle. So, as long as the price of the H4 cycle falls back to the support of the one-sided moving average, it is an opportunity to go long.
XAUUSD
buy@3100-3110
tp:3130-3150
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We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.