Information summary:
Iran sent a peace signal to the United States and Israel through Arab intermediaries - requiring the United States not to carry out air strikes as a prerequisite for restarting nuclear negotiations, and emphasizing to Israel that controlling violence is in the common interest.
Under the influence of this news, gold turned downward several times, reaching a low of $3,383, and then rebounded slightly. The current price fluctuates slightly above $3,400.
Market analysis:
Technical analysis shows that the current price has broken through the key resistance area of the previous high and the middle track resonance. The 4-hour chart continues to be bullish under the support of the middle track, and the short-term sideways adjustment is a normal accumulation of upward momentum.
If the integer mark of $3,400 can be maintained, the hourly chart is expected to continue the upward trend after a narrow range of fluctuations, and accelerate to a new high after breaking through; on the contrary, if this position is lost, it is necessary to be vigilant about the risk of trend reversal.
The geopolitical crisis continues to ferment, injecting medium- and long-term safe-haven demand into gold. Combined with the strong closing pattern at the weekly level, the core operation strategy should be to buy on the pullback, focusing on the 3400-line long-short dividing line. At present, the price can be arranged for long orders, and the target will be the previous high point after breaking through 3415, but the risk of falling back from the high point must be strictly prevented.
Good luck to everyone in the new week.
Iran sent a peace signal to the United States and Israel through Arab intermediaries - requiring the United States not to carry out air strikes as a prerequisite for restarting nuclear negotiations, and emphasizing to Israel that controlling violence is in the common interest.
Under the influence of this news, gold turned downward several times, reaching a low of $3,383, and then rebounded slightly. The current price fluctuates slightly above $3,400.
Market analysis:
Technical analysis shows that the current price has broken through the key resistance area of the previous high and the middle track resonance. The 4-hour chart continues to be bullish under the support of the middle track, and the short-term sideways adjustment is a normal accumulation of upward momentum.
If the integer mark of $3,400 can be maintained, the hourly chart is expected to continue the upward trend after a narrow range of fluctuations, and accelerate to a new high after breaking through; on the contrary, if this position is lost, it is necessary to be vigilant about the risk of trend reversal.
The geopolitical crisis continues to ferment, injecting medium- and long-term safe-haven demand into gold. Combined with the strong closing pattern at the weekly level, the core operation strategy should be to buy on the pullback, focusing on the 3400-line long-short dividing line. At present, the price can be arranged for long orders, and the target will be the previous high point after breaking through 3415, but the risk of falling back from the high point must be strictly prevented.
Good luck to everyone in the new week.
Note
Latest news: Israel suddenly attacked Iran’s state television station, and the live broadcast signal was suddenly interrupted. The current casualties are unknown.
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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.
The gold market is my stage, and turning the market's fluctuations into our interests is my skill.
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
Welcome everyone to join my signal exchange group: t.me/+x7us3B1HGThjMzQx
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.