Please note: Gold will continue to rise
Please note: Gold will continue to rise
Increased safe-haven demand: The escalation of conflicts in the Middle East, the US crackdown on the Houthi armed forces in the Red Sea region, and the uncertainty of the ceasefire negotiations between Russia and Ukraine have pushed up the market's risk aversion sentiment, and gold has been favored as a safe-haven asset.
Domestic political risks in the United States: Increased domestic political uncertainty in the United States may affect market confidence and further push up gold demand.
Economic data focus: This week, the annualized value of the total number of new housing starts in the United States in February, the initial value of the annualized value of the total number of building permits, the monthly rate of the import price index, and the monthly rate of industrial output will be released. Investors need to pay close attention to the impact of these data on the market.
Technical analysis
Strong breakthrough: Last Friday, gold successfully broke through the integer mark of $3,000, reaching a high of $3,005, showing the strong strength of the bulls.
High-level shock: On Monday, the gold price once rose and fell, but after stabilizing at $2,978, it entered a high-level shock and closed with a medium-sized positive, showing that the market is still in a strong state.
Strong daily level: The gold daily level is all large positive lines, and it has risen steadily, showing the strength of the bulls.
The moving average continues to move upward, close to vertical upward, indicating a strong bullish trend.
Investment strategy
Bullish thinking: Gold prices still have room to rise further, and there are still profit opportunities above $3,000.
Operational suggestions: Go long around $3,000, stop loss at $2,990, target at $3,050.
Increased safe-haven demand: The escalation of conflicts in the Middle East, the US crackdown on the Houthi armed forces in the Red Sea region, and the uncertainty of the ceasefire negotiations between Russia and Ukraine have pushed up the market's risk aversion sentiment, and gold has been favored as a safe-haven asset.
Domestic political risks in the United States: Increased domestic political uncertainty in the United States may affect market confidence and further push up gold demand.
Economic data focus: This week, the annualized value of the total number of new housing starts in the United States in February, the initial value of the annualized value of the total number of building permits, the monthly rate of the import price index, and the monthly rate of industrial output will be released. Investors need to pay close attention to the impact of these data on the market.
Technical analysis
Strong breakthrough: Last Friday, gold successfully broke through the integer mark of $3,000, reaching a high of $3,005, showing the strong strength of the bulls.
High-level shock: On Monday, the gold price once rose and fell, but after stabilizing at $2,978, it entered a high-level shock and closed with a medium-sized positive, showing that the market is still in a strong state.
Strong daily level: The gold daily level is all large positive lines, and it has risen steadily, showing the strength of the bulls.
The moving average continues to move upward, close to vertical upward, indicating a strong bullish trend.
Investment strategy
Bullish thinking: Gold prices still have room to rise further, and there are still profit opportunities above $3,000.
Operational suggestions: Go long around $3,000, stop loss at $2,990, target at $3,050.
t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.
t.me/+IVt6eHrHm84wYWE5
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.