At the opening of the market this week, gold once again ushered in a rapid rise mode, breaking through the 3400-point integer mark in one fell swoop, and the US dollar index also fell below 98, hitting a three-year low.
From the perspective of the US dollar index, the 100 mark is very important. If it cannot return to above 100$ in the short term, it is likely to continue to fall. I think it may eventually reach around 95-96, so the decline of the US dollar index may have just begun. The fall is far from over.
Looking back at gold, the U.S. dollar index has not ended its decline, so the rise of gold must not have reached its peak. Therefore, in an environment where risk aversion is unprecedentedly high, gold has a good chance of continuing to hit new highs. The target can be 3420 first, and then 3450.
Our trading strategy today is to continue to focus on long positions. The retracement of the support below and the stabilization are the opportunities to intervene.
At present, the support below first considers the 3385 line, followed by the previous high of 3350-3360.
From the perspective of the US dollar index, the 100 mark is very important. If it cannot return to above 100$ in the short term, it is likely to continue to fall. I think it may eventually reach around 95-96, so the decline of the US dollar index may have just begun. The fall is far from over.
Looking back at gold, the U.S. dollar index has not ended its decline, so the rise of gold must not have reached its peak. Therefore, in an environment where risk aversion is unprecedentedly high, gold has a good chance of continuing to hit new highs. The target can be 3420 first, and then 3450.
Our trading strategy today is to continue to focus on long positions. The retracement of the support below and the stabilization are the opportunities to intervene.
At present, the support below first considers the 3385 line, followed by the previous high of 3350-3360.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Penerbitan berkaitan
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Penerbitan berkaitan
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.