26/3. Risk aversion has cooled, will gold fall sharply?
Updated
News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages.
Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year.
The deadline ends on April 9
Gold has retreated due to the impact of geopolitics. The lowest level reached 2167.
After the start of the Asian session, gold prices continued to impact upward. This proves that the bullish trend in the market is still relatively strong. Currently located at the 2172 line. On the other hand, the U.S. dollar fluctuated and fell from highs. The largest hedge funds may also abandon the United States and invest in Europe. It has also been pointed out that the US dollar is overvalued. The U.S. dollar index is currently above 104. Although the short-term ceasefire in Gaza has reduced risk aversion for gold. Not conducive to rising gold prices. But the overvaluation of the U.S. dollar is undoubtedly a support for gold.
Technically, gold has shown a bullish trend. Although there is no news boost, technical support is still strong. Observe the 2165-2162 line below. If the upper position stabilizes at 2175, then the probability of rising to above 2183 is very high. Of course, this also requires the U.S. dollar to take advantage of the trend.
In terms of trading, buying low is still the main trend today. The entire transaction is based on actual conditions.
2169-2166 buy
TP2177-2183
SL2159
Transactions are for reference only. If you have any questions please leave me a message. Like following live trading signals. Remember to stay tuned.
Trade active
Gold is making good progressTrade closed: target reached
okTrade active
Did you make a good profit?Trade active
The candlestick hit the edge of the phone screen. Then reach tpTrade active
At this moment, we are determined not to sell gold at a high price.Trade active
Sometimes sharing here is really not easy to find.Trade active
There is a greater chance of buying than selling.Trade active
smart buyTrade closed: target reached
Reach tp againTrade active
Did you make money from today’s trading opportunity?Trade active
if there is not. Then you should reflect on the seriousness of the problemTrade active
Tomorrow is the last day of the week. Will I be able to get better profits this Friday? Hope is tomorrow. Today, the gold trading plan was updated in the top trading circle. It is still within the range. You can still refer to the real-time limited-time trading plan. There will be detailed oil trading plans and foreign exchange trading plans tomorrow. If you don't know how to trade or want to recover losses, you can read it for reference.
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