The price of gold rose strongly during today's European trading session, and is currently hovering around $3,120 during the US trading session. The current rise in gold prices mainly comes from the surge in safe-haven demand triggered by U.S. tariff policies, as well as the geopolitical impact last weekend, which have all contributed to the rise in gold prices. Events that have an impact on gold this week also include the implementation of tariffs on Wednesday, the release of small non-farm ADP data, and Friday's non-agricultural data, so you need to be extra careful in trading.
From the 4H chart, if gold cannot refresh the high point of 3,128 again, it is expected to fall back in the evening. If it can break through 3128, then the top can focus on around 3130-3140. Today is the closing day of the monthly line again. The space above is limited. At least the monthly line should have an upper shadow line. The current moving averages are extremely strong rising signals. However, since they are still far away from the current price, we should beware of gold rising and falling after heavy volume. There is a high probability that gold will start to fluctuate at a high level tonight. Therefore, in the short-term operation during the day, it is recommended to focus on the callback and long positions. Focus on the 3130-3140 area at the top and the 3110-3100 first-line support at the bottom.
🎁Sell 3125-3135
🎁TP 3115-3105
🎁Buy 3100-3110
🎁TP 3130-3140
XAUUSD XAUUSD GOLD XAUUSD
From the 4H chart, if gold cannot refresh the high point of 3,128 again, it is expected to fall back in the evening. If it can break through 3128, then the top can focus on around 3130-3140. Today is the closing day of the monthly line again. The space above is limited. At least the monthly line should have an upper shadow line. The current moving averages are extremely strong rising signals. However, since they are still far away from the current price, we should beware of gold rising and falling after heavy volume. There is a high probability that gold will start to fluctuate at a high level tonight. Therefore, in the short-term operation during the day, it is recommended to focus on the callback and long positions. Focus on the 3130-3140 area at the top and the 3110-3100 first-line support at the bottom.
🎁Sell 3125-3135
🎁TP 3115-3105
🎁Buy 3100-3110
🎁TP 3130-3140
XAUUSD XAUUSD GOLD XAUUSD 
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Related publications
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.