In the early Asian session on Tuesday, gold continued to rise, once setting a new historical high. Gold prices rose nearly 3% on Monday, rising above $3,400 and reaching a high of $3,460. The weakening of the US dollar and the uncertainty of the impact of international trade tensions on the economy stimulated safe-haven demand.
There are relatively few economic data on this trading day, but several Fed officials will give speeches, and investors need to pay close attention. Pay attention to the World Economic Outlook report released by the IMF, and pay attention to further news on the international trade situation and the performance of the Asian market.
In the previous trading day, the US dollar index fell below 98, which indirectly benefited gold. Gold fluctuated higher from $3,329 in the early trading, and rose to around $3,460, with a daily increase of nearly $100. The daily line closed with a big positive line again, the Bollinger band opened upward, the TRIX trend indicator golden cross, the KDJ indicator golden cross, and the turning head ran in the overbought area. The MACD indicator fast and slow lines golden cross above the 0 axis, and the red bullish momentum increased. The daily trend is still dominated by bulls.
In 2 hours, gold was seriously bullish in the Asian session, rising to $3444.4 and then falling to $3411.2. TRIX trend indicator dead cross, KDJ indicator dead cross at high level, turning downward, MACD indicator fast and slow lines dead cross above 0 axis, green short momentum increase, short-term trend is relatively bearish. Combined with the daily trend, since the daily trend is currently dominated by bulls, gold intraday operations tend to fall back to long orders, and pay attention to the 3400 whole level and the 2-hour middle track 3368 US dollars support.
Operation strategy: Buy in the range: 3402--3405 SL:3390
TP: 3440--3460
There are relatively few economic data on this trading day, but several Fed officials will give speeches, and investors need to pay close attention. Pay attention to the World Economic Outlook report released by the IMF, and pay attention to further news on the international trade situation and the performance of the Asian market.
In the previous trading day, the US dollar index fell below 98, which indirectly benefited gold. Gold fluctuated higher from $3,329 in the early trading, and rose to around $3,460, with a daily increase of nearly $100. The daily line closed with a big positive line again, the Bollinger band opened upward, the TRIX trend indicator golden cross, the KDJ indicator golden cross, and the turning head ran in the overbought area. The MACD indicator fast and slow lines golden cross above the 0 axis, and the red bullish momentum increased. The daily trend is still dominated by bulls.
In 2 hours, gold was seriously bullish in the Asian session, rising to $3444.4 and then falling to $3411.2. TRIX trend indicator dead cross, KDJ indicator dead cross at high level, turning downward, MACD indicator fast and slow lines dead cross above 0 axis, green short momentum increase, short-term trend is relatively bearish. Combined with the daily trend, since the daily trend is currently dominated by bulls, gold intraday operations tend to fall back to long orders, and pay attention to the 3400 whole level and the 2-hour middle track 3368 US dollars support.
Operation strategy: Buy in the range: 3402--3405 SL:3390
TP: 3440--3460
Note
The daily RSI is still above 70, indicating that gold is overheated in the short term and the risk of a correction is rising. The 4-hour MACD has a serious top divergence, and the market may fall and adjust at any time! Technical indicators show that despite the risk of a short-term correction, the upward momentum of gold prices is still strong. If gold pulls back, the price may challenge the high of $3443; once it falls below this level, $3430 may play a supporting role. Personal prediction: mainly buy low and sell high. GOLD watershed: $3443!Operation suggestion: buy in batches in the 3433/3438 range, defend below 3425, and consider selling in the target 3487/3505 range!
Trade active
The market fluctuates greatly, and of course the profits are also very large. Trade closed: target reached
Continue to make profits. The recent gold movement is large and fast. You can make profits if you keep up! 
✅Daily analysis and strategies
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
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.
✅Daily analysis and strategies
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
✅ Free Signals check out my Telegram group: t.me/GoldenView_analysis
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.