Gold market analysis:
The gold market has been fluctuating a lot in the past few days because of the tariff issue, which has led to too much uncertainty in the market. Gold closed with a large tombstone candlestick pattern on the weekly line, which means that the top has appeared. Short-term buying is not as strong as those. Yesterday, gold hit a new low again. The daily cross star has a very long upper shadow. Today, we are more inclined to sell in the face of large fluctuations. Gold may continue yesterday's fluctuations. Today, we need to focus on finding the rhythm. It swings up and down by dozens of points. Buying and selling games are used to intercept the range. 3055 is already a new large suppression position. Today, 3055 is weak below. If it breaks, we will see a new buying momentum.
In the Asian session, we focus on the small suppression in the 3013-3016 area. This position is the bottom of yesterday's small shock. In addition, the indicator suppression position is 3008-3010. The Asian session is rising strongly. The 4H is expected to close with a big positive. You can decisively sell at the suppression position. Even if it breaks, there will be a large-scale retracement. If gold stands near 3016, it may return to the oscillation range of 3016-3055.
Suppression 3013-3016, strong pressure 3045 and 3055, support 2986, 2971, 2956, the strength and weakness dividing line of the market is 3000.
Fundamental analysis:
The US tariffs on the world are still brewing, which has also led to a sharp drop in global stock markets, and the market is not optimistic about expectations. Later this week, we will focus on the heavyweight CPI data.
Operation suggestions:
Gold----Sell near 3013, target 2980-2960
The gold market has been fluctuating a lot in the past few days because of the tariff issue, which has led to too much uncertainty in the market. Gold closed with a large tombstone candlestick pattern on the weekly line, which means that the top has appeared. Short-term buying is not as strong as those. Yesterday, gold hit a new low again. The daily cross star has a very long upper shadow. Today, we are more inclined to sell in the face of large fluctuations. Gold may continue yesterday's fluctuations. Today, we need to focus on finding the rhythm. It swings up and down by dozens of points. Buying and selling games are used to intercept the range. 3055 is already a new large suppression position. Today, 3055 is weak below. If it breaks, we will see a new buying momentum.
In the Asian session, we focus on the small suppression in the 3013-3016 area. This position is the bottom of yesterday's small shock. In addition, the indicator suppression position is 3008-3010. The Asian session is rising strongly. The 4H is expected to close with a big positive. You can decisively sell at the suppression position. Even if it breaks, there will be a large-scale retracement. If gold stands near 3016, it may return to the oscillation range of 3016-3055.
Suppression 3013-3016, strong pressure 3045 and 3055, support 2986, 2971, 2956, the strength and weakness dividing line of the market is 3000.
Fundamental analysis:
The US tariffs on the world are still brewing, which has also led to a sharp drop in global stock markets, and the market is not optimistic about expectations. Later this week, we will focus on the heavyweight CPI data.
Operation suggestions:
Gold----Sell near 3013, target 2980-2960
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.