Gold is finishing at a high level to resist the fall! The bullis
📌 Driving events
U.S. President Trump said on Monday that he was exploring the possibility of temporarily exempting tariffs on imported cars and parts to give auto companies more time to establish production bases in the United States.
New York Fed: The unemployment rate is expected to rise to the highest level since April 2020 in March. In March, households were more pessimistic about employment and future income. The expected inflation rate for the next five years is 2.9%, down from 3% in February.
Geopolitical situation:
It was learned on the 14th local time that Israeli officials said that Israel and the Palestinian Islamic Resistance Movement (Hamas) still have great differences on the ceasefire in Gaza. The official said that compared with the previous negotiating position, Hamas seems willing to release more Israeli detainees, but if Hamas insists on requiring all parties to guarantee that Israel must stop waging war in the Gaza Strip after the ceasefire, it will still be difficult to promote an agreement. The official expects Hamas to respond to the new ceasefire proposal in the next few days.
📊Comment Analysis
The hourly level shows that the short-term gold price has fallen from a high level and gradually fell into a narrow range above the hourly 60-day moving average support level. The current hourly level indicators are narrowing, maintaining a short-term shock guide reference. The 5-day moving average and the 10-day moving average at the four-hour level are arranged in a downward cross, maintaining the four-hour level peak signal. The short-term decline gradually brings about the four-hour RSI mean reversion, forming a four-hour level adjustment trend. The gold price has risen and fallen to maintain a shock downward trend, which has not changed the medium- and long-term upward trend. Be cautious to maintain a bullish shock trading strategy during the day.
💰Strategy package
Long order:
Aggressive participation at 3185-3195, profit target above 3210
Steady participation at 3175-3185, profit target above 3195
Short order:
Aggressive participation at 3250, profit target below 3230
⭐️Note: Labaron hopes that traders can properly manage their capital
- Choose the number of lots that matches your capital
- Profit equals 4-7% of the capital account
- Stop loss equals 1-3% of the capital account
