Gold market analysis:
Gold has been rising strongly in the past two days. The daily line closed with a big positive line again. The bulls stood above 3200. The current highest is around 3219. The form and indicators are basically useless in such a market. What we need is a firm bullishness. In the past two days, there is a characteristic that it has risen and never looked back. It is basically a 40-point rise. In such a market, we either wait or buy directly without thinking. Today's Asian session gold hovered above 3200, and it can also be bought directly above 3200. Gold has created the largest increase and highest position in history. This wave of gold fluctuations is no longer a simple fundamental, but caused by the current international situation. The big rise is not the top. We continue to follow gold to buy. If there is no big accident today, the weekly gold line will close with a super big positive line again.
The daily support has reached around 3167. This position is the previous top and the current support. Today's gold continues to buy based on this position. Given the current strength, it is basically impossible not to fall back. Pay attention to the opportunity of a small fall back and buy directly. Today, I estimate that the Asian and European sessions will rise, and the US tail market will fall back.
Support 3200, 3180, suppression is really invisible, and the watershed of strength and weakness in the market is 3190.
Fundamental analysis:
The CPI announced yesterday did not have a big impact on the market, but the data difference was still relatively large, the result was -0.1%, and the bulls only rose slightly. The bottoming out and rebound of the US stock market was mainly due to Trump's withdrawal of some tariff policies.
Operational suggestions
Gold-----Buy near 3190, target 3200-3260
Gold has been rising strongly in the past two days. The daily line closed with a big positive line again. The bulls stood above 3200. The current highest is around 3219. The form and indicators are basically useless in such a market. What we need is a firm bullishness. In the past two days, there is a characteristic that it has risen and never looked back. It is basically a 40-point rise. In such a market, we either wait or buy directly without thinking. Today's Asian session gold hovered above 3200, and it can also be bought directly above 3200. Gold has created the largest increase and highest position in history. This wave of gold fluctuations is no longer a simple fundamental, but caused by the current international situation. The big rise is not the top. We continue to follow gold to buy. If there is no big accident today, the weekly gold line will close with a super big positive line again.
The daily support has reached around 3167. This position is the previous top and the current support. Today's gold continues to buy based on this position. Given the current strength, it is basically impossible not to fall back. Pay attention to the opportunity of a small fall back and buy directly. Today, I estimate that the Asian and European sessions will rise, and the US tail market will fall back.
Support 3200, 3180, suppression is really invisible, and the watershed of strength and weakness in the market is 3190.
Fundamental analysis:
The CPI announced yesterday did not have a big impact on the market, but the data difference was still relatively large, the result was -0.1%, and the bulls only rose slightly. The bottoming out and rebound of the US stock market was mainly due to Trump's withdrawal of some tariff policies.
Operational suggestions
Gold-----Buy near 3190, target 3200-3260
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.