Continuously breaking records, will it continue to rise?
The gold price continues to run along the trend structure, the daily line continues to rise and close, the MA10/7-day moving average opens and moves up to 2788/2802, the price is on the upper track of the Bollinger Band, and the RSI indicator comes to the high value of 70 and close to 80. The price of the short-term four-hour chart continues to rise along the upper track of the Bollinger Band channel, but today we need to pay attention to the overbought divergence signal of the RSI indicator.
In view of the historical high of the market's current round of super-increase, the trend of low-long trading is changed to short-term participation, and the high-altitude cooperation assists in paying attention to the band opportunities. Today's market data small non-agricultural ADP focuses on. When will the top come? Never go all out in the investment market. Relying on guessing the top all the way against the trend will only lose all your money. We still don't blindly guess the top, and only make layouts after the signal appears or the pattern appears.
At present, gold has risen to a historical high of 2849. So for 2025, can gold continue to rise? What impact does the US situation have on the trend of gold? In my opinion, the gold price is just the beginning, the acceleration high point has not arrived, and the bulls still maintain the upward momentum!
At present, gold 2849 is not the end of this round, because the current bullish pattern is still intact. Being afraid of bulls and guarding against risks does not mean the arrival of bears. The trend is still very strong. But in terms of position, the rise today is not much, and the pattern is still very strong. The price is still rising slowly, so it is only a matter of one step to continue to break the new high. It is recommended to buy more at the low point and continue to look at the new high!
Key points:
First support: 2831, second support: 2816, third support: 2800
First resistance: 2850, second resistance: 2863, third resistance: 2870
Operation ideas:
BUY: 2822-2825, SL: 2814, TP: 2840-2850;
SELL: 2867-2870, SL: 2878, TP: 2850-2840
In view of the historical high of the market's current round of super-increase, the trend of low-long trading is changed to short-term participation, and the high-altitude cooperation assists in paying attention to the band opportunities. Today's market data small non-agricultural ADP focuses on. When will the top come? Never go all out in the investment market. Relying on guessing the top all the way against the trend will only lose all your money. We still don't blindly guess the top, and only make layouts after the signal appears or the pattern appears.
At present, gold has risen to a historical high of 2849. So for 2025, can gold continue to rise? What impact does the US situation have on the trend of gold? In my opinion, the gold price is just the beginning, the acceleration high point has not arrived, and the bulls still maintain the upward momentum!
At present, gold 2849 is not the end of this round, because the current bullish pattern is still intact. Being afraid of bulls and guarding against risks does not mean the arrival of bears. The trend is still very strong. But in terms of position, the rise today is not much, and the pattern is still very strong. The price is still rising slowly, so it is only a matter of one step to continue to break the new high. It is recommended to buy more at the low point and continue to look at the new high!
Key points:
First support: 2831, second support: 2816, third support: 2800
First resistance: 2850, second resistance: 2863, third resistance: 2870
Operation ideas:
BUY: 2822-2825, SL: 2814, TP: 2840-2850;
SELL: 2867-2870, SL: 2878, TP: 2850-2840
Note
xauusd
SELL: 2862near
SL:2870.5
tp:2850
For more signals and analysis, please check my profile
Note
xauusd
SELL: 2869near
SL:2875.5
tp:2850
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🥇My free Telegram group(Updated daily):
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
t.me/JungoldAnalyst
✅Contact me
t.me/JunCopytrader
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.