Let's first look at the news that has affected the trend of gold in the past two days:
In the early European trading on Monday (May 12), gold prices suddenly saw a new round of selling, and the price of gold fell to around $3,207, refreshing the intraday low, and the intraday decline reached nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the hawkish "standstill" of the Federal Reserve, helped the dollar stabilize near multi-week highs and put pressure on gold. The trend of gold prices seems quite fragile. Gold prices fell during trading on Monday and fell below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. The trade war easing is not the only factor that has hit gold prices. The ceasefire agreement between India and Pakistan seemed to be maintained on Sunday after the two nuclear-armed countries experienced four days of conflict that almost triggered an all-out war. In addition, there has been progress in the Russia-Ukraine and the US-Iran negotiations. Analysts pointed out that the joint statement of the Sino-US Geneva economic and trade talks has just been released. This progress has hit the safe-haven demand for gold and has become the fuse for a new round of gold price selling.
From the overall technical perspective of gold, gold continues to fall back and adjust. In terms of short-term operation ideas, it is recommended to short on rebounds and to go long on pullbacks. In the short term, pay attention to the resistance levels of 3260 and 3283 on the upper side, and the support levels of 3200-3202 on the lower side. (Personal advice, for reference only, specific points, subject to the actual market)
Do you think that those who are bearish in the morning and the trend changes in the afternoon but still refuse to tell you and continue to ask you to hold patiently are the most powerful and prestigious analysts? What kind of logic is this? It doesn't work at all! Because that is our own money. I have always believed that analysts and investors are close, because only in this way can both parties cooperate better and work together to gain greater profits. Now the relationship between analysts and investors in the market is contradictory. Investors no longer trust analysts, or the technical skills of analysts in the market are uneven. Some analysts are just in name only, and the so-called strength has nothing to do with it. As the industry I study, the most important thing is to be trusted and recognized by investors. Analysts do market analysis and provide more stable suggestions to everyone to reduce investment risks. It is impossible for every transaction to be correct. That is something that only gods can do. The relationship between investors and analysts should be collaborators and partners. We should not doubt each other. If so, it is better not to cooperate from the beginning. When you start to question the strength and analysis of the analyst after losing a single order, your behavior may make the analyst no longer dare to guide you, and thus miss the profit you deserve. Here I hope that every customer will be more careful when choosing, pay more attention to his current price guidance, and be cautious about profit screenshots. After all, everyone understands the current PS technology, so I don’t need to say more. Strength and technology are not something you say, but need to be observed.
In the early European trading on Monday (May 12), gold prices suddenly saw a new round of selling, and the price of gold fell to around $3,207, refreshing the intraday low, and the intraday decline reached nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the hawkish "standstill" of the Federal Reserve, helped the dollar stabilize near multi-week highs and put pressure on gold. The trend of gold prices seems quite fragile. Gold prices fell during trading on Monday and fell below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. The trade war easing is not the only factor that has hit gold prices. The ceasefire agreement between India and Pakistan seemed to be maintained on Sunday after the two nuclear-armed countries experienced four days of conflict that almost triggered an all-out war. In addition, there has been progress in the Russia-Ukraine and the US-Iran negotiations. Analysts pointed out that the joint statement of the Sino-US Geneva economic and trade talks has just been released. This progress has hit the safe-haven demand for gold and has become the fuse for a new round of gold price selling.
From the overall technical perspective of gold, gold continues to fall back and adjust. In terms of short-term operation ideas, it is recommended to short on rebounds and to go long on pullbacks. In the short term, pay attention to the resistance levels of 3260 and 3283 on the upper side, and the support levels of 3200-3202 on the lower side. (Personal advice, for reference only, specific points, subject to the actual market)
Do you think that those who are bearish in the morning and the trend changes in the afternoon but still refuse to tell you and continue to ask you to hold patiently are the most powerful and prestigious analysts? What kind of logic is this? It doesn't work at all! Because that is our own money. I have always believed that analysts and investors are close, because only in this way can both parties cooperate better and work together to gain greater profits. Now the relationship between analysts and investors in the market is contradictory. Investors no longer trust analysts, or the technical skills of analysts in the market are uneven. Some analysts are just in name only, and the so-called strength has nothing to do with it. As the industry I study, the most important thing is to be trusted and recognized by investors. Analysts do market analysis and provide more stable suggestions to everyone to reduce investment risks. It is impossible for every transaction to be correct. That is something that only gods can do. The relationship between investors and analysts should be collaborators and partners. We should not doubt each other. If so, it is better not to cooperate from the beginning. When you start to question the strength and analysis of the analyst after losing a single order, your behavior may make the analyst no longer dare to guide you, and thus miss the profit you deserve. Here I hope that every customer will be more careful when choosing, pay more attention to his current price guidance, and be cautious about profit screenshots. After all, everyone understands the current PS technology, so I don’t need to say more. Strength and technology are not something you say, but need to be observed.
Trade active
Trade closed: target reached
I have always believed that analysts and investors are close, because only in this way can both parties cooperate better and work together to gain greater profits. Now many investors in the market no longer trust analysts, or the technical skills of analysts in the market are uneven, and some analysts are just in name only. Analysts do market analysis and provide more stable suggestions to reduce investment risks. It is impossible for them to be correct. That is something that only gods can do. The relationship between investors and analysts should be that of collaborators and partners. We should not doubt each other. If so, it is better not to cooperate from the beginning. When you start to question the strength and analysis of the analyst after losing a single order, your behavior may make the analyst no longer dare to guide you, and thus miss the profit you deserve. And be cautious about profit screenshots. After all, everyone understands the current PS technical skills, so I don’t need to say more. You can investigate it yourself. I am talking nonsense, so it is better for you to conduct actual investigation. Strength and technology are not said by yourself, but observed by you.
✅ Free daily trading signal 🔥
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
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.
✅ Free daily trading signal 🔥
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
✅ 90%-95% high precision 🔥
✅ Weekly yield 200%-400% 🔥
t.me/+oNzmt2CY2KdjOGY8
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.