This week, the market focused on three major issues: Trump's tariff policy, the US-Iran nuclear negotiations and the Fed's interest rate decision. The tariff policy directly pushed up inflation expectations, weakened the purchasing power of the US dollar, and at the same time aggravated the market's risk aversion, which was doubly good for gold. If the US-Iran nuclear negotiations achieve a breakthrough, it may ease the geopolitical tensions in the Middle East and suppress the demand for gold as a safe haven in the short term, but in the long term, if the negotiations are repeated or no substantive agreement is reached, gold is still expected to gain support. In terms of the Fed's interest rate decision, if it maintains a dovish stance, it will further suppress the dollar and support gold.
At the opening of today's market, the gold price directly rose to break through the new high of 3396, and accelerated after breaking the previous high, setting a new historical high again. Both the monthly and weekly charts show a perfect upward trend, and the technical indicators continue to rise. Both the long and medium lines are bullish. At present, the upper resistance is 3396-3400, and the lower support is 3354-3349. The evening operation is recommended to be long on the callback, and the rebound is supplemented by high short.
Operation strategy 1: It is recommended to rebound 3396-3403 short, stop loss 3410, and the target is 3380-3360.
Operation strategy 2: It is recommended to pull back 3355-3350 long, stop loss 3343, and the target is 3380-3400.
At the opening of today's market, the gold price directly rose to break through the new high of 3396, and accelerated after breaking the previous high, setting a new historical high again. Both the monthly and weekly charts show a perfect upward trend, and the technical indicators continue to rise. Both the long and medium lines are bullish. At present, the upper resistance is 3396-3400, and the lower support is 3354-3349. The evening operation is recommended to be long on the callback, and the rebound is supplemented by high short.
Operation strategy 1: It is recommended to rebound 3396-3403 short, stop loss 3410, and the target is 3380-3360.
Operation strategy 2: It is recommended to pull back 3355-3350 long, stop loss 3343, and the target is 3380-3400.
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The passage to the door of wealth
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
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.