Gold 3030 Directional Watershed
4.9 Intraday Trading Strategy:
Short Position: Short in the 3025-3030 range, strictly stop loss near 3037.
Target: 2985-2990-2970-2950 below.
Long Position: Long in the 2970-2980 range, strictly stop loss near 2955.
Key Risk Control: 3030 Directional Watershed
Technical Logic:
The 4-hour chart shows that the 3020-3028 area forms a double top suppression, and yesterday's long upper shadow cross confirms the effectiveness of the resistance level.
News: As the deadline for the United States to impose a 104% tariff on Dongda products approaches, the White House has made it clear that there is no exemption plan for the time being, and market concerns about the trade war dragging down global economic growth continue to heat up.
At the same time, foreign investors holding a large amount of U.S. debt may sell bonds to fight tariffs, and the U.S. House of Representatives is pushing for tax cuts, which puts pressure on U.S. long-term debt.
Although some safe-haven funds have flowed into the gold market, the intensity is constrained by liquidity pressure.
As shown in the figure: the gold price forms a oscillating relationship in the range of 2955-3025.
The latest news is that the United States has imposed a 104% tariff on China. This hour will be the biggest variable in the next few hours.
Gold is currently in a mid-term adjustment stage.
From a technical point of view, the market currently lacks stimulus to promote the conversion of strength and weakness, so a new round of market outbreaks may occur at this time point on Wednesday and Thursday.
As shown in the figure: The four-hour cycle triangle converges and oscillates.
Secondly, if you trade gold intraday with an oscillating mentality, you must be prepared to welcome a new round of sharp declines or surges at any time.
4.9 Intraday Trading Strategy:
Short Position: Short in the 3025-3030 range, strictly stop loss near 3037.
Target: 2985-2990-2970-2950 below.
Long Position: Long in the 2970-2980 range, strictly stop loss near 2955.
Key Risk Control: 3030 Directional Watershed
Technical Logic:
The 4-hour chart shows that the 3020-3028 area forms a double top suppression, and yesterday's long upper shadow cross confirms the effectiveness of the resistance level.
News: As the deadline for the United States to impose a 104% tariff on Dongda products approaches, the White House has made it clear that there is no exemption plan for the time being, and market concerns about the trade war dragging down global economic growth continue to heat up.
At the same time, foreign investors holding a large amount of U.S. debt may sell bonds to fight tariffs, and the U.S. House of Representatives is pushing for tax cuts, which puts pressure on U.S. long-term debt.
Although some safe-haven funds have flowed into the gold market, the intensity is constrained by liquidity pressure.
As shown in the figure: the gold price forms a oscillating relationship in the range of 2955-3025.
The latest news is that the United States has imposed a 104% tariff on China. This hour will be the biggest variable in the next few hours.
Gold is currently in a mid-term adjustment stage.
From a technical point of view, the market currently lacks stimulus to promote the conversion of strength and weakness, so a new round of market outbreaks may occur at this time point on Wednesday and Thursday.
As shown in the figure: The four-hour cycle triangle converges and oscillates.
Secondly, if you trade gold intraday with an oscillating mentality, you must be prepared to welcome a new round of sharp declines or surges at any time.
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.