On 3.19, gold continued to fluctuate upward after breaking throu

As a safe-haven asset, gold has attracted more buying amid global political tensions: the escalation of the conflict in the Middle East and the continued strikes by the United States against the Houthi armed forces in the Red Sea region may affect the energy supply chain. The uncertainty of the ceasefire negotiations between Russia and Ukraine has led to a high risk aversion in the market. The increase in domestic political risks in the United States may affect market confidence and push up gold demand.
The rise in gold on March 18 is in line with my thinking. Obviously, the US market was suppressed at 3028. After a short-term retracement, it further broke upward. It is expected to continue the upward trend at night and see the suppression of 3044.
The weekly and monthly lines are concerned about the upper track position, and even diverge upward under the impetus of market sentiment. The specific position cannot be determined because there is no reference point, but it is only necessary to follow the market trend to do it, and the transaction is relatively simple. From a technical perspective, the upper track of the weekly line is 3030, and the upper track of the monthly line is 3050. This is the position that needs attention. In addition, the previous two waves of rises have gone through 4 positive monthly K lines, and then closed with a negative correction.
Support level
$2994; $2982; $2950
Resistance level
$3025; $3050; $3080
The rise in gold on March 18 is in line with my thinking. Obviously, the US market was suppressed at 3028. After a short-term retracement, it further broke upward. It is expected to continue the upward trend at night and see the suppression of 3044.
The weekly and monthly lines are concerned about the upper track position, and even diverge upward under the impetus of market sentiment. The specific position cannot be determined because there is no reference point, but it is only necessary to follow the market trend to do it, and the transaction is relatively simple. From a technical perspective, the upper track of the weekly line is 3030, and the upper track of the monthly line is 3050. This is the position that needs attention. In addition, the previous two waves of rises have gone through 4 positive monthly K lines, and then closed with a negative correction.
Support level
$2994; $2982; $2950
Resistance level
$3025; $3050; $3080
Dagangan aktif
This week, we need to focus on the US Federal Reserve's interest rate decision (upper limit) until March 19Dagangan ditutup: sasaran tercapai
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