winner-2004

Due to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile trend, but the overall trend is still volatile and rising. It is not recommended to go short. Because geopolitical conflicts in the Middle East may escalate at any time, although Israel and Iran still maintain a certain degree of restraint. As soon as the conflict escalates, the price of gold will soar. Trading strategy: From the chart, although the price of gold has not reached a new high, it is still fluctuating and rising along the upward trend line, so it is not recommended to sell at the moment. It is also not recommended to buy after the price rises rapidly. Recently, gold has always fallen back quickly after rising high. At present, gold may fall back to the 2370-2380 range. If the price falls back to this range, you can buy it.

(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for gold and crude oil (82.28, 0.18, 0.21%). However, gold fell back quickly afterwards. This is also the experience in the past. The sharp rise in the morning cannot be chased. After all, risk aversion can come and go quickly. At present, the conflict between Israel and Iran is more likely to escalate than to deescalate. Iran may retaliate in the future and fight against each other again. Therefore, the risk aversion sentiment is still strong, and the follow-up will be mainly bullish. Today we mainly focus on the 2354-2369 range. If the price falls back to this range, you can buy. It is not recommended to short gold at the moment.Comment: At present, the price is showing signs of rebounding and rising near the upward trend line. Radical investors can buy with light positions.Comment: The price is currently developing according to my prediction and will continue to rise.Comment: Gold develops according to my prediction and may break through 2417Comment: There is currently resistance near 2400, and there will be a callback trend next. But the upward trend will continueComment: Gold is expected to have a correction next, and it is expected that it may fall back to around 2380

Gold's rise is weak or will fall back From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments appear in the form of convergent triangle oscillations, showing repetitive characteristics. This adjustment has lasted for three trading days and is in line with expectations of range oscillation. As prices retreat under pressure near the upper track and find support after hitting the lower track, we expect the market to continue to fluctuate within this range. In today's gold operation, it is recommended to focus on short selling at high levels. Focus on the resistance range of 2385-2395 at the top. If the price rebounds to this range, you can sell and open a position. Take profit at the bottom to see 2360-2350. I will update based on real-time trends, so please pay attention.Comment: The current price is near the resistance level of 2385, and you can sell and open a position. You can see below that it is around 2360-2350.Comment: The current price is falling rapidly after touching the downward trend line, which is consistent with my prediction.

The March retail sales data released by the United States overnight on Tuesday exceeded expectations. The U.S. dollar and U.S. Treasuries continued to climb, and for a time precious metals plunged. However, risk aversion then dominated the market and gold and silver returned to their gains. Because the Israeli military said it would respond to Iran's attack. Therefore, the current gold price is still on the rise. Yesterday I said that once the gold price breaks through 2372, it will hit the 2390-2400 range, so today's highest point reached 2392, which is consistent with my prediction. Judging from the 60-minute chart, the MACD indicator is currently running above the 0 axis, and gold has entered a bullish trend in the short term. Although the price has now fallen back to the resistance range of 2360-2372, it will continue to rise in the future. Therefore, the current range of 2360-2372 is a good buying opportunity, and the profit-taking range for bulls is 2390-2400.Comment: The current trend of gold is consistent with my prediction. The price will continue to rise after falling back to around 2363. The next step will be to break through 2400.Comment: The price currently encounters resistance near 2400, but it is only a matter of time before it breaks through 2400

Gold Trend Analysis: Gold prices have been trending upward since late March, and prices continue to attract buying around these levels. While the uptrend in the RSI has been broken, showing a weakening upward momentum, it is difficult to be too bearish on gold prices at the moment until we see prices finally break out of the uptrend. If the price remains above the trendline, traders can take advantage of a drop to that level to enter a long position and set a stop loss to protect profits, with the goal of pushing the price back to the previous record high. However, if the trend line is breached, there is a risk of a reversal. Judging from the 60-minute chart, gold is currently in a divergent upward channel, and the price has not fallen below the channel, so the current strategy is to buy near the rising trend line. If the price next breaks through the 2372 resistance level, then the price will continue to rise, and the upper resistance level will be in the 2390-2400 range. But pay attention to the 2319 resistance level below. If the price falls below 2319, long positions can stop losses first.Comment: The price just fell to the lowest point near 2324, but soon returned to the upward trend line, indicating that the trend has not changed and continues to be bullish.Comment: The current price trend is developing as I predicted, and it is only a matter of time before it breaks through 2372. I don’t recommend that you go short now.Comment: At present, the price has begun to hit 2372, which is consistent with my prediction. I hope to break through as soon as possible and continue the upward trend.

Gold went through a roller coaster trend on Friday. After the price broke through the 2400 integer mark, it did not pull back. Instead, it quickly rose to 2431, and then turned around and fell straight down to around 2334. Most people were caught off guard by this drop. The sudden plunge of nearly $100 is unexplainable from both technical and fundamental perspectives. At present, the conflict between Iran and Israel is becoming more and more intense. Iran is preparing nuclear bombs, the US aircraft carrier battle group has also gone to the Red Sea, and Israel is also ready to respond to Iranian attacks. The outbreak of war is just around the corner, but gold plummeted today, this is very unreasonable. The only explanation is that international capital deliberately shorted gold to make individual investors mistakenly believe that gold will fall. However, if you really short gold, you will soon find that you will be in trouble, because gold will inevitably rise again after a sharp decline. So the best thing to do at the moment is to wait for the opportunity to go long, and don't be fooled by the plummeting gold price. Gold will continue to rise in the future. At present, I predict that gold will rebound and rise in the 2300-2325 range. There is currently no realistic basis for a continued sharp decline, so those who hold long orders can wait.

Currently, central banks around the world are increasing their holdings of gold reserves, and market sentiment has reacted strongly to bullish factors. Even in the face of sharply negative non-agricultural data, CPI data, and hawkish statements from Federal Reserve officials, gold prices have remained strong. This shows that market sentiment has become indifferent to negative factors. As long as there is slightly positive data, it can promote a new round of rebound in gold prices. In such a market environment, operations need to insist on going long with the trend Judging from the 60-minute chart, the current 20-day moving average and the 50-day moving average have once again formed a golden cross shape, and the MACD indicator has once again formed a golden cross and is running above the 0 axis. Therefore, the rise will continue, and the main idea is to go long. However, it is not recommended to buy at high levels. The safest strategy is to go long at support levels. At present, we can pay great attention to the resistance range of 2370-2379. If the price falls back to this range, we can buy. The profit-taking range is expected to be in the 2315-2325 range.Comment: Gold has now reached a new high, but there is resistance above and it may pull back. Pay attention to the 2390-2400 range. If the price falls in this range, you can go long.

Geopolitical risks are one of the important factors behind the recent rise in gold prices. The progress of ceasefire negotiations in Gaza, Iran's threat to the Strait of Hormuz, and the Russia-Ukraine conflict have all triggered risk aversion in the market and promoted the rise in gold prices. Investors need to continue to pay attention to developments in the geopolitical situation, as any major changes may have an impact on gold prices. Secondly, market expectations for interest rate cuts by the Federal Reserve have also supported the rise in gold prices. Today, the price of gold did not break through $2,365 and hit a new high. The price is currently in a correction, but the bullish trend remains unchanged. Next, you can pay great attention to the 2338-2345 range. If the price falls back to this range, you can go long with a light position. It is not recommended to buy with a heavy position, because it is not ruled out that the price will continue to fall. I will also update in real time according to market changes. You can always follow my strategies.Comment: The U.S. non-seasonally adjusted CPI annual rate recorded 3.5% in March, higher than the expected 3.4% level and the highest level since September 2023. As soon as the news was released, the price of gold immediately fell. Although the current price is falling rapidly, the general direction is still bullish. If the price falls back to the 2300-2315 range, you can buy long orders.Comment: At present, gold has encountered great resistance near 2319 and has begun to rebound and rise. There is a high probability that it will continue its upward trend. Pay attention to whether 2319 will fall below.Comment: At present, gold has encountered great resistance near 2319 and has begun to rebound and rise. There is a high probability that it will continue its upward trend. Pay attention to whether 2319 will fall below.

The bullish trend of gold is obvious. In the current global environment, the factors driving the rise of gold prices have gone beyond a single decision to increase or decrease interest rates on the US dollar. The global political situation is turbulent, the economy continues to slump, and the conflict between Russia and Ukraine has fallen into a long-term tug of war with no signs of stopping and is likely to escalate. Tensions between the United States and Russia have even spread to the Middle East, with Israel and Iran on the verge of war. Behind all this, the United States' global intervention and strategy of accelerating the dollar's harvest of the global economy are prompting funds to flow back to the United States, thereby hollowing out the global economy. At the same time, the United States used the huge additional issuance of U.S. dollars to buy global core assets. In such a competition between global powers, gold has become increasingly important and has become the first choice for safe-haven assets. Therefore, we have reason to believe that this year is a bull market year for gold, and gold will play a greater role in the fluctuations of the global economy. Looking at the 60-minute chart, the 20-day moving average once again crosses the 50-day moving average upward, forming a golden cross, and the MACD once again forms a golden cross above the 0 axis, indicating a very strong upward signal. However, the specific trading strategy is best to wait for the support level to go long. Today, focus on the $2330-2348 range. If the price falls back to this range, you can go long. I will update the take-profit price for long orders in real time. You can pay more attention to my updates.Comment: As I predicted, gold rebounded and continued to rise after falling back to around $2,348, and the price is likely to break through $2,365.Comment: The current price has fallen back to the 2330-2348 range I mentioned. As long as the price does not fall below 2330, you can buy multiple orders. The current price is still on the upward trend.Comment: Judging from the 2-hour chart, the price of gold has stepped back to the 20-day moving average and is currently rebounding and rising.

On April 8, although U.S. economic data continued to suppress interest rate cut expectations last week, there were no other significant catalysts in the news except for changes in Israel-U.S. relations and an increase in risk aversion caused by Israel's air strikes on the Iranian consulate. However, gold still hit new highs repeatedly. Although the non-agricultural data on Friday was negative, gold only fell in the short term, and then steadily rose and rebounded in volume, setting another record high and reaching a new high above $2,330. The large structure is still a bullish trend. From the daily chart, gold is still in an obvious upward trend. The 20-day moving average crosses the 50-day moving average upward to form a golden cross. The MACD indicator is also a golden cross and is far above the 0 axis. This indicates that gold will continue to rise. , will not plummet in the short term. Today, the price fell back to the resistance range of 2300-2310 US dollars and rose again. The highest point was near 2354 US dollars. This is a perfect upward trend. The current focus is on the resistance range of 2330-2340 US dollars. If the price falls back to this range, you can continue to go long.The profit-taking price above is expected to be in the range of 2375-2385 US dollars.Comment: The current price has fallen below $2,330, but the bullish trend will continue. Above $2,300, long positions are the main focus.