Gold rebounded from the bottom last week, and the entire increase from 2957 to 3245 was as high as 288 US dollars. It took only three trading days. The strong V reversal went up as it went down. At present, gold has successfully stood on the 3200 mark. Can it continue to rise this week? Is there any hope for 3500?
At present, whether it is from the daily or weekly lines, they are all big Yang closings, which all show the strong rise of gold. From the big trend, there is no doubt that the bullish direction. Especially for the current political and economic situation, but it is necessary to pay attention to the process of rising, which is also accompanied by a correction or deep retracement, just like the last wave of plunge.
At present, gold is mainly affected by tariff policies, which pushes gold prices to continue to rise. Now that the tariffs have been increased to 125%, adding more is just a number game with no practical significance. There is no more to add. The next step is to return to the negotiation table, which is just a matter of time. Once such a vent is revealed in the future, gold will dive from the high platform. This is a news risk point that needs to be paid attention to. There are risks in chasing high prices, and trading needs to be cautious.
The daily line rose nearly 300 US dollars in three consecutive days. This kind of rapid rise and fall will not last too long. It is easy to turn to negative correction or cross sideways in a cycle of three to four days. Therefore, I think the probability of a sharp rise in gold at the beginning of this week is not high, and we should be careful of the market that rises and falls.
Today, gold rose and fell as expected over the weekend. It just didn't break the high. Gold opened low at 3220 and rose successfully. Our 3220 long orders successfully stopped profit at 3235-3240; European session 3234 light position short, 3237 increase short position, 3218 reduce position, stop profit at 3209; long and short turnover all won. For gold, there is a possibility of continued downward exploration, focusing on the 3227-3230 pressure line short, the watershed 3238, and the support below is the 3200 mark-3187 line.
At present, whether it is from the daily or weekly lines, they are all big Yang closings, which all show the strong rise of gold. From the big trend, there is no doubt that the bullish direction. Especially for the current political and economic situation, but it is necessary to pay attention to the process of rising, which is also accompanied by a correction or deep retracement, just like the last wave of plunge.
At present, gold is mainly affected by tariff policies, which pushes gold prices to continue to rise. Now that the tariffs have been increased to 125%, adding more is just a number game with no practical significance. There is no more to add. The next step is to return to the negotiation table, which is just a matter of time. Once such a vent is revealed in the future, gold will dive from the high platform. This is a news risk point that needs to be paid attention to. There are risks in chasing high prices, and trading needs to be cautious.
The daily line rose nearly 300 US dollars in three consecutive days. This kind of rapid rise and fall will not last too long. It is easy to turn to negative correction or cross sideways in a cycle of three to four days. Therefore, I think the probability of a sharp rise in gold at the beginning of this week is not high, and we should be careful of the market that rises and falls.
Today, gold rose and fell as expected over the weekend. It just didn't break the high. Gold opened low at 3220 and rose successfully. Our 3220 long orders successfully stopped profit at 3235-3240; European session 3234 light position short, 3237 increase short position, 3218 reduce position, stop profit at 3209; long and short turnover all won. For gold, there is a possibility of continued downward exploration, focusing on the 3227-3230 pressure line short, the watershed 3238, and the support below is the 3200 mark-3187 line.
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The passage to the door of wealth
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
Welcome to join us and make profits together
t.me/+fkCVmo8SFiJkMDZk
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.