As global economic uncertainty intensifies and gold prices hit record highs, investors are seeking safe-haven assets. After several rounds of market turmoil, investors have recovered somewhat in Asian markets this week.
In the coming week, the focus will be on the reciprocal tariff plan that Trump will announce on April 2. If Trump decides to take tough measures...
From the current market analysis, the 4-hour chart shows that the gold price is weak, while the 1-hour chart tends to fluctuate and correct. Therefore, short-term operations can rely on $3030 and $3020 to bearish gold.
Note:
1. Determine the trading cycle, set the direction in the big cycle, and enter the market in the small cycle.
2. Follow the trend: 3 waves up...
Since gold has already started to adjust at a high level, and gold bears have gradually started to exert their strength, can gold fall below 3000 again? We will wait and see.
Operation ideas:
It is recommended to go short at 3035-3030, stop loss at 3045, and target at 3005-3000;
The flag trend will end at the end of the triangle. With this 4h view market trend, gold is likely to continue to rise.
Trading strategy, buy2994-2990 SL2985 TP3010-3020
We are still shorting and waiting for the profit point of 2900.
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Today we need to pay attention to the US CPI data. We are currently shorting gold with a target of 2900
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