On Tuesday (April 15) in the Asian session, spot gold rose slightly and is currently trading around $3,220/ounce, only a small gap from the historical high of $3,245.42 set on Monday, showing an overall steady upward trend.
Fundamental analysis:
The gold market is currently in a rare state of resonance between technical and fundamental aspects. Trade war risks, policy uncertainty and inflation expectations have jointly pushed gold prices higher, forming a "golden triangle" for gold to rise. First, Trump's tariff policy has not yet fully released its potential impact, and global economic uncertainty still exists; second, the Fed's policy path is still uncertain, which has continued to heat up the safe-haven demand for gold. As gold prices break through historical highs, the market may face greater room for growth. Therefore, the current macroeconomic environment provides strong support for gold, and increasing gold holdings may become an important strategy to hedge portfolio risks.
Technical analysis:
From a technical perspective, spot gold continues to maintain a strong pattern. Since breaking through $3,000/ounce, gold prices have been running along an upward channel. Despite a small correction, the overall bullish trend has not been disrupted. The current price is stable above $3,200/ounce, and this key support level provides a solid foundation for the short-term trend of gold. If the gold price can continue to hold the $3,200/ounce area, bulls may further challenge $3,250/ounce or even higher.
Last week, gold closed strongly higher, mainly driven by the uncertainties caused by the tariff war, and the safe-haven property of gold was further reflected. On Monday, the gold price opened with a gap, but it was quickly recovered and refreshed last week's high. Since then, the gold price has remained at a high level of consolidation. As of the time of writing, the gold price remained around $3,230/ounce.
Operation strategy:
From the news perspective, the general trend of gold is still biased towards bulls. Although the gold price is fluctuating and consolidating at a historical high, there is indeed a certain degree of difficulty in operation in the short term. If you chase the rise at this time, and the risk aversion sentiment on the news has cooled down, you may face the risk of being stuck at a high level; on the contrary, blindly betting on the short position is also too aggressive. Therefore, a prudent operation strategy is to wait for a callback before making a long position layout.
In the short-term trend, the hourly line shows that the gold price experienced a short correction after last week's strong rise, but it was quickly recovered and rose again, indicating that the market bullish momentum is still strong. Therefore, the current gold price is in a state of high-level consolidation, and it is expected that there will be no significant fluctuations in the short term. In the absence of major data and news, it is difficult for gold to rise or fall sharply.
Short-term operation suggestions:
Currently, the gold price is trading around $3217/ounce. It is recommended to wait for a correction to around 3210 to arrange long orders. The short-term target can focus on $3228/ounce. After breaking through this level, it may further test the historical high near $3245/ounce. In terms of operation, it is recommended to adopt a steady bullish strategy during the correction to avoid blindly chasing the rise or excessive shorting.
Summary:
The current gold market is driven by multiple factors, and with the dual support of technical and fundamental aspects, the gold price is expected to continue to rise. In the short term, the gold price will maintain a consolidation. In terms of operation, it is recommended to buy on the correction and wait patiently for the right time to enter the market. In the current uncertain macroeconomic environment, gold remains an important choice for safe-haven assets and may continue to rise in the future.
Fundamental analysis:
The gold market is currently in a rare state of resonance between technical and fundamental aspects. Trade war risks, policy uncertainty and inflation expectations have jointly pushed gold prices higher, forming a "golden triangle" for gold to rise. First, Trump's tariff policy has not yet fully released its potential impact, and global economic uncertainty still exists; second, the Fed's policy path is still uncertain, which has continued to heat up the safe-haven demand for gold. As gold prices break through historical highs, the market may face greater room for growth. Therefore, the current macroeconomic environment provides strong support for gold, and increasing gold holdings may become an important strategy to hedge portfolio risks.
Technical analysis:
From a technical perspective, spot gold continues to maintain a strong pattern. Since breaking through $3,000/ounce, gold prices have been running along an upward channel. Despite a small correction, the overall bullish trend has not been disrupted. The current price is stable above $3,200/ounce, and this key support level provides a solid foundation for the short-term trend of gold. If the gold price can continue to hold the $3,200/ounce area, bulls may further challenge $3,250/ounce or even higher.
Last week, gold closed strongly higher, mainly driven by the uncertainties caused by the tariff war, and the safe-haven property of gold was further reflected. On Monday, the gold price opened with a gap, but it was quickly recovered and refreshed last week's high. Since then, the gold price has remained at a high level of consolidation. As of the time of writing, the gold price remained around $3,230/ounce.
Operation strategy:
From the news perspective, the general trend of gold is still biased towards bulls. Although the gold price is fluctuating and consolidating at a historical high, there is indeed a certain degree of difficulty in operation in the short term. If you chase the rise at this time, and the risk aversion sentiment on the news has cooled down, you may face the risk of being stuck at a high level; on the contrary, blindly betting on the short position is also too aggressive. Therefore, a prudent operation strategy is to wait for a callback before making a long position layout.
In the short-term trend, the hourly line shows that the gold price experienced a short correction after last week's strong rise, but it was quickly recovered and rose again, indicating that the market bullish momentum is still strong. Therefore, the current gold price is in a state of high-level consolidation, and it is expected that there will be no significant fluctuations in the short term. In the absence of major data and news, it is difficult for gold to rise or fall sharply.
Short-term operation suggestions:
Currently, the gold price is trading around $3217/ounce. It is recommended to wait for a correction to around 3210 to arrange long orders. The short-term target can focus on $3228/ounce. After breaking through this level, it may further test the historical high near $3245/ounce. In terms of operation, it is recommended to adopt a steady bullish strategy during the correction to avoid blindly chasing the rise or excessive shorting.
Summary:
The current gold market is driven by multiple factors, and with the dual support of technical and fundamental aspects, the gold price is expected to continue to rise. In the short term, the gold price will maintain a consolidation. In terms of operation, it is recommended to buy on the correction and wait patiently for the right time to enter the market. In the current uncertain macroeconomic environment, gold remains an important choice for safe-haven assets and may continue to rise in the future.
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.
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.