This week, the market focused on three core events, namely, the direction of Trump's tariff policy, the progress of the US-Iran nuclear negotiations, and the trend of the Federal Reserve's interest rate decision. Based on the evolution of these events, it is recommended that everyone should pay close attention to the trend of the US dollar. As for the performance of gold this week, we continue with our consistent views and adhere to the strategy of bullish but not guessing the top. The specific trading strategy is to wait for a callback before arranging long orders. Once there is an adjustment opportunity, we can go long on the bullish trend.
From the analysis of the 4-hour chart, the lower support is near the 3385-3393 line, and the upper pressure is around the 3440-44 line. Given that the current price is at a historical high, it is recommended to be cautious in chasing orders and wait patiently for sufficient adjustments before entering the market.
Operation strategy:
Gold is recommended to go long at the 3385-93 line, with a stop loss at 3378, and the target is the 3435-3440 line. If it breaks, continue to hold;
From the analysis of the 4-hour chart, the lower support is near the 3385-3393 line, and the upper pressure is around the 3440-44 line. Given that the current price is at a historical high, it is recommended to be cautious in chasing orders and wait patiently for sufficient adjustments before entering the market.
Operation strategy:
Gold is recommended to go long at the 3385-93 line, with a stop loss at 3378, and the target is the 3435-3440 line. If it breaks, continue to hold;
Trade active
In today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The upper short-term focus will be on the 3450-3460 first-line resistance, and the lower short-term focus will be on the 3405-3400 first-line support.
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.