Gold price broke the rising channel twice in 3 days.
https://www.tradingview.com/x/PkSW9Vt5/
News：
The dual support of closure and interest rate cuts
The underlying logic of the current market is rooted in the amplification of fundamental uncertainty. The US government shutdown has lasted for a week, which has not only suppressed the release of economic data but also increased the market's sensitivity to Fed policy. Expectations of interest rate cuts have become one of the "twin engines," and the probability of a 25 basis point rate cut at the October 29 meeting has risen to 95%, providing gold with the dual benefits of inflation hedging and reduced opportunity costs. Well-known institutional analysts pointed out that if the employment data released after the shutdown is weak, it will further consolidate bullish expectations.
Geopolitical factors offer short-term flashpoints. The progress of Middle East ceasefire negotiations is attracting significant attention. If successfully concluded, it could shave 2-3% off the safe-haven premium, leading to a short-term price drop. Conversely, developments in eastern Russia and Ukraine or escalating tensions between Israel and Iran could instantly ignite bullish sentiment, pushing the price up to around 4050. Political fragmentation in Europe, such as the French budget crisis and leadership changes in Japan, are also considered undervalued variables: these events could weaken the euro, indirectly strengthening the dollar's relative strength and weighing on gold.
Specifically:
On Wednesday, the price of gold continued to hold above the $4,000 mark, which is in line with our bullish expectations. Channel members have made profits based on the signals. This trend represents two breakouts from the ascending channel over the past three trading days, marking the three fastest days of this upward trend. This acceleration undoubtedly marks a recent sentiment high for gold prices, which are often attractive points for profit-taking.
The 4-hour chart of spot gold clearly outlines a strong upward trend. Since the recent low, the price has formed a "stair-step" upward structure. Each upward wave has been accompanied by a moderate increase in trading volume, indicating an orderly advance of long funds.
The candlestick chart has broken through the upper Bollinger Band at 4030 and briefly touched the all-time high of 4040. This not only confirms a strong trend reversal but also reinforces the market's allocation to safe-haven assets.
The moving average system also supports this view: the 50-period simple moving average (SMA) at 3866 is sloping upward and acting as dynamic support, while shorter-term moving averages such as the 4036 MA closely follow the price upward, forming a bullish formation and preventing the risk of price isolation at high levels.
Strategy：
Long Position4020-4025，SL:4010，Target:4050,4075
News：
The dual support of closure and interest rate cuts
The underlying logic of the current market is rooted in the amplification of fundamental uncertainty. The US government shutdown has lasted for a week, which has not only suppressed the release of economic data but also increased the market's sensitivity to Fed policy. Expectations of interest rate cuts have become one of the "twin engines," and the probability of a 25 basis point rate cut at the October 29 meeting has risen to 95%, providing gold with the dual benefits of inflation hedging and reduced opportunity costs. Well-known institutional analysts pointed out that if the employment data released after the shutdown is weak, it will further consolidate bullish expectations.
Geopolitical factors offer short-term flashpoints. The progress of Middle East ceasefire negotiations is attracting significant attention. If successfully concluded, it could shave 2-3% off the safe-haven premium, leading to a short-term price drop. Conversely, developments in eastern Russia and Ukraine or escalating tensions between Israel and Iran could instantly ignite bullish sentiment, pushing the price up to around 4050. Political fragmentation in Europe, such as the French budget crisis and leadership changes in Japan, are also considered undervalued variables: these events could weaken the euro, indirectly strengthening the dollar's relative strength and weighing on gold.
Specifically:
On Wednesday, the price of gold continued to hold above the $4,000 mark, which is in line with our bullish expectations. Channel members have made profits based on the signals. This trend represents two breakouts from the ascending channel over the past three trading days, marking the three fastest days of this upward trend. This acceleration undoubtedly marks a recent sentiment high for gold prices, which are often attractive points for profit-taking.
The 4-hour chart of spot gold clearly outlines a strong upward trend. Since the recent low, the price has formed a "stair-step" upward structure. Each upward wave has been accompanied by a moderate increase in trading volume, indicating an orderly advance of long funds.
The candlestick chart has broken through the upper Bollinger Band at 4030 and briefly touched the all-time high of 4040. This not only confirms a strong trend reversal but also reinforces the market's allocation to safe-haven assets.
The moving average system also supports this view: the 50-period simple moving average (SMA) at 3866 is sloping upward and acting as dynamic support, while shorter-term moving averages such as the 4036 MA closely follow the price upward, forming a bullish formation and preventing the risk of price isolation at high levels.
Strategy：
Long Position4020-4025，SL:4010，Target:4050,4075
Dagangan aktif
Gold is still in an upward structure. Don't short gold easily. You can move up the buying point appropriately.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.