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💡Message Strategy
Gold prices rose overall this week, with bulls showing strength. This was mainly due to the positive CPI data from the Federal Reserve, the escalation of tensions in the Middle East, the uncertainty of trade tariffs, and strong long-term support from fundamental demand, which led to the continued strong trend of gold prices.
As risk aversion rebounded, gold prices rose rapidly, hitting the upper track of the Bollinger Band, which also caused gold prices to rise by more than 3.6% this week.
📊Technical aspects
As geopolitical tensions in the Middle East intensify over the weekend, gold prices may continue to benefit from risk aversion next week, and gold prices are expected to target $3,500/ounce at the beginning of next week
The key support point is 3408. The current price has broken through and stabilized above 3400, and is expected to run above this level for a period of time. When the first market correction tests around 3420, you can continue to buy. Judging from the cycle operation, there is a high probability of a high-level oscillation market in the 3500/3400 range. Before the Fed's results are announced on Thursday, you can sell high and buy low in this range.
💰 Strategy Package
Long Position:3420-3430
Combined with the current tense situation, you can buy light positions at the opening price, and add positions to make up for the rise when the market falls back to the target point. Don't blindly chase the short position.
💡Message Strategy
Gold prices rose overall this week, with bulls showing strength. This was mainly due to the positive CPI data from the Federal Reserve, the escalation of tensions in the Middle East, the uncertainty of trade tariffs, and strong long-term support from fundamental demand, which led to the continued strong trend of gold prices.
As risk aversion rebounded, gold prices rose rapidly, hitting the upper track of the Bollinger Band, which also caused gold prices to rise by more than 3.6% this week.
📊Technical aspects
As geopolitical tensions in the Middle East intensify over the weekend, gold prices may continue to benefit from risk aversion next week, and gold prices are expected to target $3,500/ounce at the beginning of next week
The key support point is 3408. The current price has broken through and stabilized above 3400, and is expected to run above this level for a period of time. When the first market correction tests around 3420, you can continue to buy. Judging from the cycle operation, there is a high probability of a high-level oscillation market in the 3500/3400 range. Before the Fed's results are announced on Thursday, you can sell high and buy low in this range.
💰 Strategy Package
Long Position:3420-3430
Combined with the current tense situation, you can buy light positions at the opening price, and add positions to make up for the rise when the market falls back to the target point. Don't blindly chase the short position.
Trade active
Many factors such as war have caused gold to break through the upward resistance level. We should not blindly chase the decline
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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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.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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.