News Analysis:
Bullish news currently dominates the landscape. The tariff issue remains intractable in the short term, with market concerns about prolonged trade frictions continuing to underpin gold prices. Additionally, expectations of potential retaliatory actions by Russia further amplify gold’s safe-haven demand.
Technical Analysis:
- Rising Support Level: The key support level has been adjusted from $3,330 to $3,345, indicating growing bullish momentum and a gradual uplift in the bottom support.
- Moving Average Pattern: Short-term moving averages (such as the 5-day, 10-day, and 20-day MAs) form a neat bullish alignment, diverging upward clearly to signal a strong short-term trend.
- MACD Indicator: The fast and slow lines of MACD persist above the 0-axis, confirming a bullish market structure. However, caution is warranted regarding potential short-term technical pullbacks triggered by the shortening of red histogram bars.
Trading Strategy:
The short-term target can focus on the psychological $3,400 level. A breakthrough above this level is expected to open up further upside potential. It is recommended to enter positions in batches near the support level during pullbacks while setting stop-loss orders to guard against minor corrective risks.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Bullish news currently dominates the landscape. The tariff issue remains intractable in the short term, with market concerns about prolonged trade frictions continuing to underpin gold prices. Additionally, expectations of potential retaliatory actions by Russia further amplify gold’s safe-haven demand.
Technical Analysis:
- Rising Support Level: The key support level has been adjusted from $3,330 to $3,345, indicating growing bullish momentum and a gradual uplift in the bottom support.
- Moving Average Pattern: Short-term moving averages (such as the 5-day, 10-day, and 20-day MAs) form a neat bullish alignment, diverging upward clearly to signal a strong short-term trend.
- MACD Indicator: The fast and slow lines of MACD persist above the 0-axis, confirming a bullish market structure. However, caution is warranted regarding potential short-term technical pullbacks triggered by the shortening of red histogram bars.
Trading Strategy:
The short-term target can focus on the psychological $3,400 level. A breakthrough above this level is expected to open up further upside potential. It is recommended to enter positions in batches near the support level during pullbacks while setting stop-loss orders to guard against minor corrective risks.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Trade active
All current orders have been closed out with profits realized. In view of the fact that multiple key pieces of information will be announced tomorrow, which may have a significant impact on market trends, traders are advised to exercise caution and avoid aggressive 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.
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.