Event summary:
The current gold market presents a triple driving logic: the global central bank's continuous gold purchases constitute long-term support, and the US debt crisis and the risk of US dollar trust form the core upward momentum.
Technical aspects show that the gold price rose strongly after breaking through the key resistance of 3275, and the continuity of the bullish trend is clear, approaching the high of 3300 US dollars.
Level analysis:
Gold continued to break through strongly, with the highest price reaching 3293. After the key resistance of 3275 was effectively broken, there was no retracement, confirming the continuity of the bullish trend. The current gold price has refreshed the historical high, and is only one step away from the integer mark of 3300 US dollars. The technical form shows that the bullish momentum is sufficient, but we need to be vigilant against the risk of high-level stagflation. The current upper resistance is 3295-3310, and it can continue to hold after breaking through the resistance line.
Operation strategy:
Go long at 3285-3290, stop loss at 3280, and look up to 3300-3310.
I am Quaid. After seeing my analysis strategy, no matter you have made profits or losses in the past, I hope you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
The current gold market presents a triple driving logic: the global central bank's continuous gold purchases constitute long-term support, and the US debt crisis and the risk of US dollar trust form the core upward momentum.
Technical aspects show that the gold price rose strongly after breaking through the key resistance of 3275, and the continuity of the bullish trend is clear, approaching the high of 3300 US dollars.
Level analysis:
Gold continued to break through strongly, with the highest price reaching 3293. After the key resistance of 3275 was effectively broken, there was no retracement, confirming the continuity of the bullish trend. The current gold price has refreshed the historical high, and is only one step away from the integer mark of 3300 US dollars. The technical form shows that the bullish momentum is sufficient, but we need to be vigilant against the risk of high-level stagflation. The current upper resistance is 3295-3310, and it can continue to hold after breaking through the resistance line.
Operation strategy:
Go long at 3285-3290, stop loss at 3280, and look up to 3300-3310.
I am Quaid. After seeing my analysis strategy, no matter you have made profits or losses in the past, I hope you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
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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.
Related publications
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.