6.16 Can gold reach a new high?
As the war between Israel and Iran in the Middle East continues to heat up, the international gold price has continued to break through strongly.
"Iran is seriously considering whether to block the Strait of Hormuz, said Esmail Kosari, a member of the Iranian Parliament's Security Committee." If the conflict between Iran and Israel continues to escalate in the past two days, gold will continue to hit a new high.
If you listened to my advice on Friday and opened a position below 3420, you can pay attention to the support of 3430, because there has been a high move at the opening today, but it only broke through 3450. It proves that the short pressure is very large, and the strength of today's correction will not be small. If the correction breaks through 3430, it may continue to fall to around 3415. At this time, you can continue to increase your position. If the correction does not break through 3430, you can increase your position with a light position.
Pay attention to the international situation at any time. The price of gold has been fluctuating at a high level. If it can stand firm, then the recent price of gold at 3500 is not its limit.
Thank you for your attention. I hope my analysis can help you.
As the war between Israel and Iran in the Middle East continues to heat up, the international gold price has continued to break through strongly.
"Iran is seriously considering whether to block the Strait of Hormuz, said Esmail Kosari, a member of the Iranian Parliament's Security Committee." If the conflict between Iran and Israel continues to escalate in the past two days, gold will continue to hit a new high.
If you listened to my advice on Friday and opened a position below 3420, you can pay attention to the support of 3430, because there has been a high move at the opening today, but it only broke through 3450. It proves that the short pressure is very large, and the strength of today's correction will not be small. If the correction breaks through 3430, it may continue to fall to around 3415. At this time, you can continue to increase your position. If the correction does not break through 3430, you can increase your position with a light position.
Pay attention to the international situation at any time. The price of gold has been fluctuating at a high level. If it can stand firm, then the recent price of gold at 3500 is not its limit.
Thank you for your attention. I hope my analysis can help you.
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.