From the 1-hour chart, we can see that the gold price has broken the downward trend line after breaking through 3345 today, and is currently blocked near the previous high of 3355.
I personally think that 3355 may play a certain role in the short term, but as long as the gold price falls back and accumulates strength again, it is only a matter of time before it breaks through here.
Judging from the 4-hour chart, yesterday's gold price fell back to the low of 3310, which happened to touch the bottom trend line support. The previous two times it touched the bottom support, it returned to the upper range suppression position again. Therefore, this time the rebound after touching the bottom is completely in line with the technical analysis.
In addition, the divergence of the Fed's policy expectations and the game of interest rate cuts, the continued fermentation of geopolitical risks, and Trump's tariff policy and trade friction concerns will increase the demand for safe-haven, so there is no reason not to be bullish on gold now.
✅Combined with the previous support, I give the following trading strategy for your reference:
Be conservative and wait for the gold price to fall back to 3340-3345 area to buy
Be aggressive and enter the market directly. If the entry gold price really falls back to 3340-3345, increase the position to lower the average price.
The target position is 3365 first, then 3375
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
I personally think that 3355 may play a certain role in the short term, but as long as the gold price falls back and accumulates strength again, it is only a matter of time before it breaks through here.
Judging from the 4-hour chart, yesterday's gold price fell back to the low of 3310, which happened to touch the bottom trend line support. The previous two times it touched the bottom support, it returned to the upper range suppression position again. Therefore, this time the rebound after touching the bottom is completely in line with the technical analysis.
In addition, the divergence of the Fed's policy expectations and the game of interest rate cuts, the continued fermentation of geopolitical risks, and Trump's tariff policy and trade friction concerns will increase the demand for safe-haven, so there is no reason not to be bullish on gold now.
✅Combined with the previous support, I give the following trading strategy for your reference:
Be conservative and wait for the gold price to fall back to 3340-3345 area to buy
Be aggressive and enter the market directly. If the entry gold price really falls back to 3340-3345, increase the position to lower the average price.
The target position is 3365 first, then 3375
📣More detailed real-time trading strategies will be released on my channel.
🟢Go get it now! 👇👇👇
Trade closed: target reached
The gold price rose again and successfully reached TP2:3375. Our long position bought at 3340-3345 was successfully closed.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
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.
📣More detailed real-time trading strategies will be released in the channel, welcome to join and get them
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
🟢Join the free Telegram group:
t.me/Reliable_Trading0
🟡Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
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.