Gold 100% Profit SignalThis week, multiple factors intertwined to affect the gold price. The tariff policy was settled on Wednesday, and the ADP data also caused market turmoil; the non-farm data on Friday will test the market again, with risks and opportunities coexisting. Against this background, gold has shown its charm as a safe-haven asset. The decline of the US economy, the intensification of the US debt crisis, and the geopolitical tensions in the Middle East have all provided impetus for the rise in gold prices.
From a technical perspective, gold fell back quickly after opening high in the morning, but then stabilized and rebounded. The weekly, daily and 4-hour lines all showed a bullish trend, with strong upward momentum. On the hourly chart, gold maintained a good upward trend, with previous highs and lows rising continuously, and bulls dominated. The current upper resistance is in the 3135-3138 range, and the lower support is in the 3111-3107 range. In terms of operation, it is recommended to do more on the callback and supplement it with high rebound.
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3093, and the target is 3120-3140.
Operation strategy 2: It is recommended to sell at 3130-3135, stop loss at 3142, and the target is 3110-3100.