The structure of the bullish trend of gold remains unchanged, so don't guess the top. From 2600 points at the beginning of the year, gold has been rising all the way yesterday. Gold is now very volatile. In fact, it is easy to fluctuate by 20 to 30 US dollars. The current market is a new high every day. The bullish trend of gold is beyond doubt, but you still need to wait patiently. Recently, the trend of gold in the Asian session has been mainly rising. Gold will continue to be bought after it falls back.
Gold is currently maintaining a high-level oscillation and strong trend in the daily trend, and there is no sign of peaking yet. The 4-hour level trend has been repeating the sideways trend after the rise, and then the continued upward trend after a slight decline.
The current trend can no longer be viewed with conventional thinking, and the high point cannot be judged. It is completely driven by emotions. Do a good job of risk control in the short term to follow the operation. The technical side is not of much reference significance. As long as the tariff policy is not relaxed, it will be difficult for gold to fall and pull back!
Gold has hit a record high driven by the weakness of the US dollar and risk aversion. In the short term, the bullish momentum is still strong, but the overbought signal prompts that we need to be alert to the risk of pullback. The medium-term trend will depend on the evolution of trade negotiations and geopolitical situations. $3,500/ounce is still the target of market attention.
In the short term, it has risen three times during the day, so you can't chase more. If you want to go up more, you need to wait for the support level to retrace. You can pay attention to the MA10 and MA20 support on the hourly line to go long. Too much rise is not a reason to fall. You just need to pay more attention to risks as you go up, and keep buying in the short term. The next big target is the 3,500 mark.
Key points:
First support: 3426, second support: 3414, third support: 3400
First resistance: 3477, second resistance: 3486, third resistance: 3500
Operation ideas:
Buy: 3417-3420, SL: 3408, TP: 3490-3500;
Buy: 3400-3396, SL: 3387, TP: 3430-3440;
Gold is currently maintaining a high-level oscillation and strong trend in the daily trend, and there is no sign of peaking yet. The 4-hour level trend has been repeating the sideways trend after the rise, and then the continued upward trend after a slight decline.
The current trend can no longer be viewed with conventional thinking, and the high point cannot be judged. It is completely driven by emotions. Do a good job of risk control in the short term to follow the operation. The technical side is not of much reference significance. As long as the tariff policy is not relaxed, it will be difficult for gold to fall and pull back!
Gold has hit a record high driven by the weakness of the US dollar and risk aversion. In the short term, the bullish momentum is still strong, but the overbought signal prompts that we need to be alert to the risk of pullback. The medium-term trend will depend on the evolution of trade negotiations and geopolitical situations. $3,500/ounce is still the target of market attention.
In the short term, it has risen three times during the day, so you can't chase more. If you want to go up more, you need to wait for the support level to retrace. You can pay attention to the MA10 and MA20 support on the hourly line to go long. Too much rise is not a reason to fall. You just need to pay more attention to risks as you go up, and keep buying in the short term. The next big target is the 3,500 mark.
Key points:
First support: 3426, second support: 3414, third support: 3400
First resistance: 3477, second resistance: 3486, third resistance: 3500
Operation ideas:
Buy: 3417-3420, SL: 3408, TP: 3490-3500;
Buy: 3400-3396, SL: 3387, TP: 3430-3440;
Trade active
The 4-hour chart has started to adjust, and the selling has made a profit. Welcome to check my work and wait for the support level to be reached to buy Trade closed: target reached
Today I sold after it fell below the previous low, making a profit of 300 pips twice. Welcome to check my work 
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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.