Overall analysis of gold trend:
Gold prices suffered a setback under the influence of the optimism of tomorrow's US-China negotiations. The core reason for the decline in gold prices is the breakthrough in global tariff negotiations.
The key factor driving the rise in gold prices early on: Tariff concerns are significantly easing, which directly leads to the gold market entering a phased consolidation.
I think the price of gold will fluctuate in the range of US$3,000-3,300 per ounce for some time to come. This forecast range is significantly narrower than before, reflecting that in the current complex and changing market environment, gold price fluctuations will tend to be rational.
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I think the gold price at this time is already at the crossroads of an important trend.
The current gold market is facing a fierce game between long and short factors. On the one hand, the optimism brought about by the easing of trade tensions suppresses gold prices; on the other hand, the safe-haven demand generated by economic uncertainty, potential spot shortages, and the continued inflow of ETF funds provide support for gold prices. This complex market environment makes the trend of gold prices full of variables.
For traders, it is more necessary to remain rational in the current market environment, pay attention to short-term price fluctuations, and grasp the long-term value of gold as a safe-haven asset. The next round of big market in the gold market may be nurtured in these seemingly contradictory market signals.
Operation strategy:
Traders need to try to adopt scalping trading strategies in the current small fluctuation range, enter the market in time, and take profits in time.
The current fluctuation range is between $3200 and $3245. You can try to short near the high point and long at the low point, so that you can reap a small profit.
If you are a large-capital customer who can withstand market fluctuations, you can hold the position and wait and see for part of the time, and then choose the appropriate time to close the position.
Gold prices suffered a setback under the influence of the optimism of tomorrow's US-China negotiations. The core reason for the decline in gold prices is the breakthrough in global tariff negotiations.
The key factor driving the rise in gold prices early on: Tariff concerns are significantly easing, which directly leads to the gold market entering a phased consolidation.
I think the price of gold will fluctuate in the range of US$3,000-3,300 per ounce for some time to come. This forecast range is significantly narrower than before, reflecting that in the current complex and changing market environment, gold price fluctuations will tend to be rational.
https://tradingview.sweetlogin.com/x/z8FCD5jh/
I think the gold price at this time is already at the crossroads of an important trend.
The current gold market is facing a fierce game between long and short factors. On the one hand, the optimism brought about by the easing of trade tensions suppresses gold prices; on the other hand, the safe-haven demand generated by economic uncertainty, potential spot shortages, and the continued inflow of ETF funds provide support for gold prices. This complex market environment makes the trend of gold prices full of variables.
For traders, it is more necessary to remain rational in the current market environment, pay attention to short-term price fluctuations, and grasp the long-term value of gold as a safe-haven asset. The next round of big market in the gold market may be nurtured in these seemingly contradictory market signals.
Operation strategy:
Traders need to try to adopt scalping trading strategies in the current small fluctuation range, enter the market in time, and take profits in time.
The current fluctuation range is between $3200 and $3245. You can try to short near the high point and long at the low point, so that you can reap a small profit.
If you are a large-capital customer who can withstand market fluctuations, you can hold the position and wait and see for part of the time, and then choose the appropriate time to close the position.
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.