Insight into the gold market situation and seize the opportunity
Hello everyone! After in-depth research and analysis of the recent market conditions, I believe that the current market has entered the stage of accelerating to the top.
From a technical point of view, such as the MACD top divergence sign, the KDJ indicator oversold, etc., all signs show that the market's upward momentum is gradually weakening, while the price is rising rapidly, which is often a typical feature of the peak stage.
The focus needs to be on the 3225-3235 area. This range has important resistance significance and has dense locked-in disks. On the other hand, through technical analysis tools such as the Fibonacci sequence, this range is also an important pressure range.
For investors with short trading rights, this is a rare opportunity to go high and short. When the price reaches the 3225-3235 area, it is a relatively ideal time to enter the short market. The one-hour moving average golden cross is formed, but after the upper rail of the Bollinger band is broken, the technical overbought risk increases, and the support near 3150 is effective. 80 points are also possible, so don't look at the current trend with a conventional perspective.
From a technical point of view, such as the MACD top divergence sign, the KDJ indicator oversold, etc., all signs show that the market's upward momentum is gradually weakening, while the price is rising rapidly, which is often a typical feature of the peak stage.
The focus needs to be on the 3225-3235 area. This range has important resistance significance and has dense locked-in disks. On the other hand, through technical analysis tools such as the Fibonacci sequence, this range is also an important pressure range.
For investors with short trading rights, this is a rare opportunity to go high and short. When the price reaches the 3225-3235 area, it is a relatively ideal time to enter the short market. The one-hour moving average golden cross is formed, but after the upper rail of the Bollinger band is broken, the technical overbought risk increases, and the support near 3150 is effective. 80 points are also possible, so don't look at the current trend with a conventional perspective.
Trade active
Affected by the trade war that has once again triggered the market's risk aversion, gold continued to fluctuate at a high level yesterday. The US CPI data and the decline of the US stock, bond and foreign exchange markets once again ignited the market's safe-haven buying of gold, causing gold to hit a new historical high and now it has reached above 3200.From the daily line structure, the gold market suddenly speculated on risk aversion again in the second half of the week, resulting in two consecutive days of large positive lines. Although this trend seems very strong, it is caused by the sudden outbreak of risk aversion in the market. It is too intense and emotional, and there are great human interference factors. Such a trend is not friendly to operations.
Technically, this wave of gold's rise is very abrupt. After all, it is caused by sudden fundamental events. However, considering that it is difficult for the fundamentals in the later period to speculate on the risk aversion brought about by the tariff war for a long time, once gold is seriously overbought technically, it is still necessary to pay more attention to the technical adjustment needs. Below, you can pay attention to the 3105-00 area, and even expect a retracement near the 10-day line of 3080. In addition, we should also pay attention to the uncertain risks in tariff policies. If there is further news that leads the market to resolve its expectations for this risk, then it is possible for gold to return to below the 5-day and 20-day lines of 3050.
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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.
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.