XAUUSD: 1/4 Today's Market AnalysisGold technical analysis
The resistance of the daily chart is 3160, and the support below is 3060
The resistance of the 4-hour chart is 3150, and the support below is 3110
The resistance of the 1-hour chart is 3150, and the support below is 3120
The surge in safe-haven demand has stimulated gold prices to break new highs every day. Trump plans to announce the details of auto tariffs on April 2 (without exemption clauses), global trade war concerns are heating up, and gold ETF holdings have increased to historical highs. MACD bullish momentum has weakened; RSI has entered the overbought zone, follow the trend and buy at the support level, but be wary of short-term corrections.
Please refer to the following two options for buying plans:
1. Wait for a breakthrough to buy: If it breaks through and stabilizes at 3150 US dollars again, the next target is 3160-3180 US dollars.
2. The safe strategy is to buy back at the support level: If it falls back to the 3110-3120 US dollar area and a stabilization signal appears, it is best to have a reversal signal on the 30-minute chart, and you can buy with a light position.
If you participate in counter-trend selling, please set a smaller SL to prevent the gold price from rising straight up due to the news!