Gold price target on Wednesday is 3050 1. Market analysis Bull force: Gold price continues to hit new highs in the short term, showing bull force. The 1-hour chart shows that the price is still in an upward channel and may continue to rise in the short term. Overbought risk: The daily and weekly lines are overbought and divergent, and the price deviates far from...
Please note: Gold will continue to rise Increased safe-haven demand: The escalation of conflicts in the Middle East, the US crackdown on the Houthi armed forces in the Red Sea region, and the uncertainty of the ceasefire negotiations between Russia and Ukraine have pushed up the market's risk aversion sentiment, and gold has been favored as a safe-haven...
Gold is expected to hit 3,000 points for the second time The current gold market does show a strong bullish trend, especially after the gold price fell back to around 2,980 last Friday, it rebounded quickly, further consolidating the dominance of the bulls. Going with the trend is a reasonable strategy in the current market environment, especially when the trend...
Analysis of gold price trend next week Next week's Fed meeting will be a key node, and the market will pay close attention to its policy signals. Analysis of gold trend: Weekly level: Gold has risen for two consecutive weeks, and the bullish trend has not changed. 1-hour level: As long as the gold price remains above 2968, bulls still have the upper hand. Key...
Gold 3000 finally arrived There is still room above 3000. Don't chase too hard if you don't see the waterfall. After gold broke through the new high, the daily line closed with a big bald positive line, showing a strong bullish momentum. The previous sideways consolidation provided sufficient power for the bulls, and the closing at a high level at the end of...
Today, the gold price continues to pull back and go long 3.13: The gold market is currently bullish, especially after the release of CPI data. Although the gold price has experienced a short-term fluctuation, the overall trend is still upward. As shown in the figure: The four-hour cycle breaks through the range and develops upward. Key support...