Information summary:
On the last trading day of last week, gold rose again under the stimulation of risk aversion. The gold market is shrouded in risk aversion in the Middle East. In the short term, the trend of gold is still supported by risk aversion and may continue to rise. At present, the relationship between Israel and Iran has not been eased; there is the latest news: Iran may retaliate against the air strikes it suffered this time. This will provide momentum for the rise of gold.
Market analysis:
Gold 1 hour shows that the moving average forms a golden cross and diverges upward, and the bullish trend of gold is still there. After the rise of gold risk aversion, gold has adjusted sideways in the short term, but it is still oscillating strongly at a high level; it is still in the process of rising. The short-term fluctuation of gold is the adjustment in the process of rising, and it will continue to rise at any time. After the gold bulls broke through 3400, they have been stabilizing above this position, so the strategy for next week is still to buy on dips.
However, it should be noted that if the international situation suddenly changes, the price may not fall back, but directly rush to a new high.
In addition, if the international situation eases and falls below 3400, we must adjust the operation strategy in time to avoid losses.
Important positions:
Resistance levels: 3450, 3475, 3490
Support levels: 3410, 3400, 3380
Operation strategy:
Buy near 3410, stop loss at 3400, win range above 3450 points.
There are still 7 hours left before the Asian market opens. I hope my analysis can help all traders gain something in the gold market.
On the last trading day of last week, gold rose again under the stimulation of risk aversion. The gold market is shrouded in risk aversion in the Middle East. In the short term, the trend of gold is still supported by risk aversion and may continue to rise. At present, the relationship between Israel and Iran has not been eased; there is the latest news: Iran may retaliate against the air strikes it suffered this time. This will provide momentum for the rise of gold.
Market analysis:
Gold 1 hour shows that the moving average forms a golden cross and diverges upward, and the bullish trend of gold is still there. After the rise of gold risk aversion, gold has adjusted sideways in the short term, but it is still oscillating strongly at a high level; it is still in the process of rising. The short-term fluctuation of gold is the adjustment in the process of rising, and it will continue to rise at any time. After the gold bulls broke through 3400, they have been stabilizing above this position, so the strategy for next week is still to buy on dips.
However, it should be noted that if the international situation suddenly changes, the price may not fall back, but directly rush to a new high.
In addition, if the international situation eases and falls below 3400, we must adjust the operation strategy in time to avoid losses.
Important positions:
Resistance levels: 3450, 3475, 3490
Support levels: 3410, 3400, 3380
Operation strategy:
Buy near 3410, stop loss at 3400, win range above 3450 points.
There are still 7 hours left before the Asian market opens. I hope my analysis can help all traders gain something in the gold market.
The gold market is my stage, and turning the market's fluctuations into our interests is my skill.
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
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.
The gold market is my stage, and turning the market's fluctuations into our interests is my skill.
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
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.