The bullish trend structure of gold remains unchanged. Don't guess where the top is. From 2600 points at the beginning of the year to 3382 points now, the increase is more than 780 US dollars.
Stimulated by the news, the price of gold has continuously refreshed historical highs this year. In the short-term trend, the correction last Thursday stopped at 3283! The central banks of many countries continue to increase their gold reserves, providing medium- and long-term support for gold prices, indirectly increasing the attractiveness of gold, and causing gold to rise straight at the opening of the Asian session!
In addition, the US government's strengthening of financial supervision has caused the market to worry about the independence of the Federal Reserve. The uncertainty of trade negotiations, the tense situation in the Middle East, the ongoing conflict between Russia and Ukraine, etc., continue to drive funds to flow to gold. From many perspectives recently, gold is still bullish in the long term. For our intraday layout, we still wait for the opportunity to fall back and go long. Pay attention to the top and bottom conversion position of 3357 in the Asian session, and buy in with a small adjustment back!
Gold has been rising wildly recently under the stimulus of risk aversion. In this emotional market, you can only trade with the trend, because gold keeps hitting new highs and no one knows where it will rise. However, don't enter the high position easily. After the volatility increases, the amplitude of each callback is also large. Wait patiently for the opportunity to enter.
Key points:
First support: 3367, second support: 3348, third support: 3333
First resistance: 3386, second resistance: 3400, third resistance: 3415
Operation ideas:
Buy: 3357-3360, SL: 3348, TP: 3380-3390;
Sell: 3403-3405, SL: 3414, TP: 3380-3370;
Stimulated by the news, the price of gold has continuously refreshed historical highs this year. In the short-term trend, the correction last Thursday stopped at 3283! The central banks of many countries continue to increase their gold reserves, providing medium- and long-term support for gold prices, indirectly increasing the attractiveness of gold, and causing gold to rise straight at the opening of the Asian session!
In addition, the US government's strengthening of financial supervision has caused the market to worry about the independence of the Federal Reserve. The uncertainty of trade negotiations, the tense situation in the Middle East, the ongoing conflict between Russia and Ukraine, etc., continue to drive funds to flow to gold. From many perspectives recently, gold is still bullish in the long term. For our intraday layout, we still wait for the opportunity to fall back and go long. Pay attention to the top and bottom conversion position of 3357 in the Asian session, and buy in with a small adjustment back!
Gold has been rising wildly recently under the stimulus of risk aversion. In this emotional market, you can only trade with the trend, because gold keeps hitting new highs and no one knows where it will rise. However, don't enter the high position easily. After the volatility increases, the amplitude of each callback is also large. Wait patiently for the opportunity to enter.
Key points:
First support: 3367, second support: 3348, third support: 3333
First resistance: 3386, second resistance: 3400, third resistance: 3415
Operation ideas:
Buy: 3357-3360, SL: 3348, TP: 3380-3390;
Sell: 3403-3405, SL: 3414, TP: 3380-3370;
Trade active
From a technical perspective, gold has risen at the opening of the Asian session and hit a new high of 3406. There is no top pattern for the time being. Whether it is the daily cycle or the weekly cycle, there is no high point suppression. Market sentiment and enthusiasm tend to rise to 3400, 3500.The 4-hour cycle has been in a strong state in the continuous rise. After the adjustment on Thursday last week, the support of the middle track below is very strong. It is expected to fall back after the high. Pay attention to 3375 and 3365 below, and wait for a fall back in the extremely strong rising pattern.
Operation ideas:
Buy: 3375-3378, SL: 3367, TP: 3400-3410;
🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.
🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.