3124 Directly long
In the first quarter of 2025, the uncertainty of Trump's tariff policy severely impacted the US stock market. It is expected that reciprocal tariffs will be announced on April 2, and automobile tariffs will take effect on the 3rd, triggering concerns about a global trade war and disrupting the stock market. The S&P 500 and Nasdaq indexes recorded their worst quarterly performance since 2022, falling sharply in March, and plummeting by 4.6% and 10.5% in the first quarter, respectively, while the Dow Jones Industrial Average fell by 1.3%. The stock market crash has led to an increase in demand for gold as a safe haven. The price of gold rose by more than 27% in 2024 and rose by about 19% in the first quarter of this year, also benefiting from favorable monetary policy, central bank buying and demand for trading funds. New York Fed President Williams believes that monetary policy is in a good position, and Richmond Fed President Barkin said that interest rate cuts depend on inflation. Wall Street banks have raised their gold price expectations, and Goldman Sachs expects that in extreme cases, the price of gold will break $4,500 in the next 12 months. In addition, investors are paying attention to the Federal Reserve's monetary policy. This week's non-farm report, ISM manufacturing PMI and JOLTs job vacancies on this trading day and other data will affect market trends and investor decisions.
In terms of gold, the overall gold price rose on Monday, with the highest price rising to 3127 and the lowest price falling to 3076.6, closing at 3123.8. During the Asian session on Monday, the price soared directly in the short term, and then retreated for the second time and stopped above the low point of the previous day's retracement. After that, it exerted strong force again, and the price continued to hit a new historical high.
At present, the price of gold has basically not fallen back. It is heading directly for 3200 points. Overnight, gold fell back to around 3100 points, but the market obviously pulled it up to around 3120 in one step. This is the strength of the bulls. It is the rhythm of killing all the gods. The big positive lines are all fired from the high turrets. 3124 is directly more.
The hourly lines of gold are all big positive lines rising, and the K-line closes the lower shadow line. This is the nightmare of the bears. The moving average is also obviously running upward, and then the K-line stabilizes the 50-day moving average. This is also an obvious strength. The big positive line directly bulldozes past, with an unstoppable rhythm. The moving average continues to run upward, and the slope is obviously upward. Continue to look at the new high of 3200.
Investment strategy: Gold 3124 long, target 3180
In the first quarter of 2025, the uncertainty of Trump's tariff policy severely impacted the US stock market. It is expected that reciprocal tariffs will be announced on April 2, and automobile tariffs will take effect on the 3rd, triggering concerns about a global trade war and disrupting the stock market. The S&P 500 and Nasdaq indexes recorded their worst quarterly performance since 2022, falling sharply in March, and plummeting by 4.6% and 10.5% in the first quarter, respectively, while the Dow Jones Industrial Average fell by 1.3%. The stock market crash has led to an increase in demand for gold as a safe haven. The price of gold rose by more than 27% in 2024 and rose by about 19% in the first quarter of this year, also benefiting from favorable monetary policy, central bank buying and demand for trading funds. New York Fed President Williams believes that monetary policy is in a good position, and Richmond Fed President Barkin said that interest rate cuts depend on inflation. Wall Street banks have raised their gold price expectations, and Goldman Sachs expects that in extreme cases, the price of gold will break $4,500 in the next 12 months. In addition, investors are paying attention to the Federal Reserve's monetary policy. This week's non-farm report, ISM manufacturing PMI and JOLTs job vacancies on this trading day and other data will affect market trends and investor decisions.
In terms of gold, the overall gold price rose on Monday, with the highest price rising to 3127 and the lowest price falling to 3076.6, closing at 3123.8. During the Asian session on Monday, the price soared directly in the short term, and then retreated for the second time and stopped above the low point of the previous day's retracement. After that, it exerted strong force again, and the price continued to hit a new historical high.
At present, the price of gold has basically not fallen back. It is heading directly for 3200 points. Overnight, gold fell back to around 3100 points, but the market obviously pulled it up to around 3120 in one step. This is the strength of the bulls. It is the rhythm of killing all the gods. The big positive lines are all fired from the high turrets. 3124 is directly more.
The hourly lines of gold are all big positive lines rising, and the K-line closes the lower shadow line. This is the nightmare of the bears. The moving average is also obviously running upward, and then the K-line stabilizes the 50-day moving average. This is also an obvious strength. The big positive line directly bulldozes past, with an unstoppable rhythm. The moving average continues to run upward, and the slope is obviously upward. Continue to look at the new high of 3200.
Investment strategy: Gold 3124 long, target 3180
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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.
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.