📌 Driving Events
Kitco Metals senior analyst Jim Wyckoff pointed out: "The gold market is waiting for new catalysts, but the technical side remains strong and the safe-haven demand remains solid." It is worth noting that the US government has recently launched an investigation into the import of drugs and semiconductors in preparation for the imposition of tariffs. Trump has also made it clear that the details of the semiconductor import tariff will be announced this week.
💢 Investors please pay close attention to the following key events:
Fed Chairman Powell's speech on Wednesday (interest rate policy orientation)
US retail sales data on Wednesday
ECB interest rate decision on Thursday (expected to cut interest rates by 25 basis points)
Specific implementation details of Trump's tariff policy
📊Comment analysis
In my previous post interpretation, I suggested that the gold price should be sideways, waiting for the price to continue to rise to a new high. Today, Wednesday (April 16), the Asian market broke a new high as expected in the early trading. As of now, the gold price is $3275
Now after two days of adjustment, the gold price has broken through again, and the resistance level of 3255 has also turned into support. The next step is 3280 and 3300.
Follow the trend, participate in one direction, and continue to be long today.
💰Strategy Package
Long position:
Actively participate at 3270-3275 points, profit target above 3295 points
Steady participation at 3250-3260 points, profit target above 3280 points
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
"The Golden Key to Financial Freedom" welcome to join the free channel
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Disclaimer
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"The Golden Key to Financial Freedom" welcome to join the free channel
t.me/+alDpuIRD9vU4MWQx
t.me/+alDpuIRD9vU4MWQx
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.