Gold market analysis:
We clearly said in our analysis yesterday that gold would rise and fall. The daily line shows that it can't go up much. We sold at 3008, 3015, 3014, and 3022 yesterday, and we made profits. Today's gold idea is to pay attention to whether it continues to swing. The daily line fell and then pulled up. The daily line hovered at the bottom. The oscillating market must find the oscillation range. Finding the rhythm is the most important thing. Yesterday, the daily line was a cross star again. Today's Asian session is expected to fluctuate. In addition, there are many fundamentals in the near future. The market has been led by the rhythm. Gold rose well before, and the sharp drop was also due to Trump's tariff policy. The global tariff war is inevitable in the future. It supports the US dollar in the long term and suppresses gold. The short-term top of the weekly line may be the long-term top.
Today's idea is to focus on the 2969-3022 range. We will look for meat in this range in the Asian session. In addition, the daily fluctuations make the indicators sluggish. If the Asian session rebounds first and approaches 3022, go short first. On the contrary, if gold breaks and stands above 3022, it will also fluctuate, but the center of gravity of the fluctuation will rise to the range of 3000-3055. The fluctuation requires patience to wait for the position, and waiting is also part of the transaction.
Support 2990, 2969, pressure 3022, the watershed of strength and weakness of the market is 3000.
Fundamental analysis:
The tariff war continues to affect the market, and the long and short positions have begun to compete. We will pay attention to CPI later.
Operational suggestions:
Gold-----Sell near 3020-3060, target 3000-2969
We clearly said in our analysis yesterday that gold would rise and fall. The daily line shows that it can't go up much. We sold at 3008, 3015, 3014, and 3022 yesterday, and we made profits. Today's gold idea is to pay attention to whether it continues to swing. The daily line fell and then pulled up. The daily line hovered at the bottom. The oscillating market must find the oscillation range. Finding the rhythm is the most important thing. Yesterday, the daily line was a cross star again. Today's Asian session is expected to fluctuate. In addition, there are many fundamentals in the near future. The market has been led by the rhythm. Gold rose well before, and the sharp drop was also due to Trump's tariff policy. The global tariff war is inevitable in the future. It supports the US dollar in the long term and suppresses gold. The short-term top of the weekly line may be the long-term top.
Today's idea is to focus on the 2969-3022 range. We will look for meat in this range in the Asian session. In addition, the daily fluctuations make the indicators sluggish. If the Asian session rebounds first and approaches 3022, go short first. On the contrary, if gold breaks and stands above 3022, it will also fluctuate, but the center of gravity of the fluctuation will rise to the range of 3000-3055. The fluctuation requires patience to wait for the position, and waiting is also part of the transaction.
Support 2990, 2969, pressure 3022, the watershed of strength and weakness of the market is 3000.
Fundamental analysis:
The tariff war continues to affect the market, and the long and short positions have begun to compete. We will pay attention to CPI later.
Operational suggestions:
Gold-----Sell near 3020-3060, target 3000-2969
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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.