Gold market analysis:
Now everyone is waiting for a sharp drop in gold, because the previous strong bottom pull did not leave too many people with the opportunity to step back. There are many sell orders in the market. I still think that individual investors should not hold on to it. I have not seen an individual investor who holds on to it and makes a profit. Gold has risen to the highest record in history, and it is also the time point with the largest fluctuation in the past year. Many newcomers basically find it difficult to escape such a big market. Newcomers hold on to it and increase their positions when they are wrong. Veterans run faster than rabbits when they are wrong, and they hold on to it when they are right. Last week's gold weekly line was again a big positive, and the K-line moving average broke up again. There is no top to the weekly line. The indicator shows that the next target of the weekly line is 3400. In the short term, we need to find a good rhythm and opportunity to follow the buying.
The gold chart shows that the short-term moving average has begun to rise, and the buying pattern support has reached around 3209. Today's Asian market prices are strong above this position. The short-term moving average support is around 3218. In addition, the suppression of 3245 is also obvious. If it breaks, it will pull up a lot of space again. Those who like to see 3245 in the Asian market are an opportunity. If you want to follow the trend, you have to give up. The short-term retracement is our opportunity to get on the train again.
Pressure 3245, big suppression is invisible, small support 3218 and 3209, the strength and weakness watershed of the market is 3209.
Fundamental analysis:
Previous CPI data also showed that gold suppressed the US dollar. This week, the market will rest on Good Friday, and Powell will speak.
Operation suggestions:
Gold------Buy near 3220, target 3245-3260
Now everyone is waiting for a sharp drop in gold, because the previous strong bottom pull did not leave too many people with the opportunity to step back. There are many sell orders in the market. I still think that individual investors should not hold on to it. I have not seen an individual investor who holds on to it and makes a profit. Gold has risen to the highest record in history, and it is also the time point with the largest fluctuation in the past year. Many newcomers basically find it difficult to escape such a big market. Newcomers hold on to it and increase their positions when they are wrong. Veterans run faster than rabbits when they are wrong, and they hold on to it when they are right. Last week's gold weekly line was again a big positive, and the K-line moving average broke up again. There is no top to the weekly line. The indicator shows that the next target of the weekly line is 3400. In the short term, we need to find a good rhythm and opportunity to follow the buying.
The gold chart shows that the short-term moving average has begun to rise, and the buying pattern support has reached around 3209. Today's Asian market prices are strong above this position. The short-term moving average support is around 3218. In addition, the suppression of 3245 is also obvious. If it breaks, it will pull up a lot of space again. Those who like to see 3245 in the Asian market are an opportunity. If you want to follow the trend, you have to give up. The short-term retracement is our opportunity to get on the train again.
Pressure 3245, big suppression is invisible, small support 3218 and 3209, the strength and weakness watershed of the market is 3209.
Fundamental analysis:
Previous CPI data also showed that gold suppressed the US dollar. This week, the market will rest on Good Friday, and Powell will speak.
Operation suggestions:
Gold------Buy near 3220, target 3245-3260
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.