Gold prices soared to a record high of $3317/ounce as US President Trump launched an investigation into key minerals and market risk aversion heated up. Escalating trade concerns and geopolitical situations have caused investors to continue to withdraw from risky assets and turn to safe-haven assets. Data shows that gold has risen by more than 20% this year. It is expected that gold prices will still have upward potential in the medium term against the backdrop of unresolved global political and economic uncertainties.
Technical key point analysis: short-term support: $3283-3264, medium-term: $3237-3223, strong support: $3205-3212
Upper resistance: short-term focus on $3313-3320, mid-term focus on 3328-3337
Steady long opportunities: retreat to the 3240-3230 range, and the US dollar index has not broken through the 100.50 resistance. Target: $3257-3268, breakout to above 3275
Short opportunities: Gold price rebounds to around 3333-3347, or the US dollar index rebounds above 100.50. Target: 3300-3290 US dollars, breaking will reach 3280.
Operation principle: Trading is risky, reasonably control positions, profit and loss are at your own risk, and avoid heavy positions before and after the data is released. If you don’t know when to enter the market, follow me, Baker Bitcoin Gold Trading Center real-time trading signal update verification, recover losses, expand profits and leave me a message.
Summary and warning
Event avoidance: Today, we need to pay attention to US retail sales data and speeches by Fed officials, and reduce positions before the data is released.
Core contradiction: The game between risk aversion and technical overbought, we need to be vigilant about the Fed’s hawkish signals or the callback caused by the easing of trade situation.
Special reminder, before the Good Friday holiday, market liquidity may decline, and any sudden policy changes may trigger violent fluctuations. Although the panic in the bond market has been temporarily alleviated, the shadow of the largest weekly increase in the 10-year US Treasury yield since 2001 last week still lingers in the market. Traders need to be wary of the chain reaction that may be triggered by the unwinding of basis trades.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
Technical key point analysis: short-term support: $3283-3264, medium-term: $3237-3223, strong support: $3205-3212
Upper resistance: short-term focus on $3313-3320, mid-term focus on 3328-3337
Steady long opportunities: retreat to the 3240-3230 range, and the US dollar index has not broken through the 100.50 resistance. Target: $3257-3268, breakout to above 3275
Short opportunities: Gold price rebounds to around 3333-3347, or the US dollar index rebounds above 100.50. Target: 3300-3290 US dollars, breaking will reach 3280.
Operation principle: Trading is risky, reasonably control positions, profit and loss are at your own risk, and avoid heavy positions before and after the data is released. If you don’t know when to enter the market, follow me, Baker Bitcoin Gold Trading Center real-time trading signal update verification, recover losses, expand profits and leave me a message.
Summary and warning
Event avoidance: Today, we need to pay attention to US retail sales data and speeches by Fed officials, and reduce positions before the data is released.
Core contradiction: The game between risk aversion and technical overbought, we need to be vigilant about the Fed’s hawkish signals or the callback caused by the easing of trade situation.
Special reminder, before the Good Friday holiday, market liquidity may decline, and any sudden policy changes may trigger violent fluctuations. Although the panic in the bond market has been temporarily alleviated, the shadow of the largest weekly increase in the 10-year US Treasury yield since 2001 last week still lingers in the market. Traders need to be wary of the chain reaction that may be triggered by the unwinding of basis trades.
GOLD XAUUSD XAUUSD XAUUSD XAUUSD GOLD Note
xauusd is awesome, 3325TP expectations are in lineThe long real-time signal hits the 3325TP target accurately, and the next real-time trading plan is in progress. Traders, follow me, Baker Bitcoin Gold Trading Center updates the verification signal in real time, and together we expand profits and move towards victory.
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.