Middle East ceasefire negotiations fail, gold soars
Updated
https://www.tradingview.com/x/7T0Jb8Pb/
Gold broke through the unilateral rise after a long period of consolidation, and continued to rise. The technical trend continued to be bullish in the short, medium and long periods. After a long period of consolidation, the daily MACD turned above the 0-axis and once again increased the volume, supporting a unilateral rise. The 4-hour level has since 2275 rose, the first wave high was 2332, and the lowest 50% golden section was corrected at 2304. After continuing sideways this week, it rose again from 2304, forming a second wave of rise. The big cycle bulls have not changed, and the short cycle has also turned bullish across the board after adjustments and corrections. In terms of news, since Israel attacked Rafah, it has caused huge waves, and the geopolitical situation is extremely unstable, forming a risk aversion support. After the U.S. dollar rebounded continuously, it hit the weekly 5-day moving average and fell back. The daily line closed overcast, and the daily and weekly levels were bearish in the medium term. The short-term intraday pressure was on the 105.45-105.55 area. After the U.S. dollar touched this strong pressure area, pay attention to gold long opportunities. U.S. Treasuries have continued to perform weakly recently and remain bearish. Technical aspects and fundamentals both support gold bulls, and the general direction of gold is bullish. Continue to pay attention to the long opportunities that fall back on the strong support area, with strong support at the 2330-2328 line. The main thing to note is that this is a unilateral market trend after a deep adjustment and an extended period of consolidation. Remember, the main focus is on long positions on retracements, and do not participate in short positions against the trend or short-term opportunities to exploit corrections.
Golden day operation plan: go long in the 2330-2328 area, defend 2320, and target the 2370-2380 area.
Gold broke through the unilateral rise after a long period of consolidation, and continued to rise. The technical trend continued to be bullish in the short, medium and long periods. After a long period of consolidation, the daily MACD turned above the 0-axis and once again increased the volume, supporting a unilateral rise. The 4-hour level has since 2275 rose, the first wave high was 2332, and the lowest 50% golden section was corrected at 2304. After continuing sideways this week, it rose again from 2304, forming a second wave of rise. The big cycle bulls have not changed, and the short cycle has also turned bullish across the board after adjustments and corrections. In terms of news, since Israel attacked Rafah, it has caused huge waves, and the geopolitical situation is extremely unstable, forming a risk aversion support. After the U.S. dollar rebounded continuously, it hit the weekly 5-day moving average and fell back. The daily line closed overcast, and the daily and weekly levels were bearish in the medium term. The short-term intraday pressure was on the 105.45-105.55 area. After the U.S. dollar touched this strong pressure area, pay attention to gold long opportunities. U.S. Treasuries have continued to perform weakly recently and remain bearish. Technical aspects and fundamentals both support gold bulls, and the general direction of gold is bullish. Continue to pay attention to the long opportunities that fall back on the strong support area, with strong support at the 2330-2328 line. The main thing to note is that this is a unilateral market trend after a deep adjustment and an extended period of consolidation. Remember, the main focus is on long positions on retracements, and do not participate in short positions against the trend or short-term opportunities to exploit corrections.
Golden day operation plan: go long in the 2330-2328 area, defend 2320, and target the 2370-2380 area.
Trade active
Gold's rise is very strongTrade active
Waiting for gold adjustmentTrade active
Gold may be starting to pull backTrade active
It’s crazy that gold went right to where we expected our take profit to beTrade active
Gold has reached our take profit positionTrade active
After a short adjustment, gold begins a new round of riseTrade active
Gold starts to riseTrade active
Are you ready? Starting to make a profitTrade active
The general direction of gold is still rising
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.