Event summary:
Tariff threats are still spreading further, and the EU expects US tariffs to continue because negotiations are progressing very slowly. At the same time, Trump administration officials hinted that most of the tariffs imposed on the EU will not be lifted.
These are the two phenomena we are currently seeing:
1. The rise in US bond yields is a typical panic, because maturing debts have to face renewal or repurchase, but in the current situation, it is obviously not possible without higher interest rates. If US bonds continue to rise, what can be used to make up for the interest gap?
2. The price of gold continues to break high, capital is seeking profits, and the US dollar credit system is further weakened. Then the alternative and safe-haven product is naturally gold. The flow of funds naturally promotes the space and possibility of gold to continue to rise sharply.
Level analysis:
After the gold surged, it continued to refresh its historical highs, and continued to maintain a high-level oscillating and strong trend along the short-term moving average on the daily trend. In the 4-hour level, the price began to break through the previous row of pressure belts, and the short-term moving average continued to diverge upwards and maintain a relatively strong trend. Pay attention to whether there is a secondary upward trend after the retracement confirmation during the day. In the short-term trend, pay attention to the support belt around 3240. The hourly level trend also maintains a good bullish divergence trend. In the current situation, try to focus on retracement and long positions. In the case of a strong market, the retracement may not be too strong. Pay attention to the short-term adjustment.
Operation strategy:
3245-55 long positions, stop loss 3240, take profit 3275.
I am Quaid, turning every tide in the gold market into our wealth wave.
Tariff threats are still spreading further, and the EU expects US tariffs to continue because negotiations are progressing very slowly. At the same time, Trump administration officials hinted that most of the tariffs imposed on the EU will not be lifted.
These are the two phenomena we are currently seeing:
1. The rise in US bond yields is a typical panic, because maturing debts have to face renewal or repurchase, but in the current situation, it is obviously not possible without higher interest rates. If US bonds continue to rise, what can be used to make up for the interest gap?
2. The price of gold continues to break high, capital is seeking profits, and the US dollar credit system is further weakened. Then the alternative and safe-haven product is naturally gold. The flow of funds naturally promotes the space and possibility of gold to continue to rise sharply.
Level analysis:
After the gold surged, it continued to refresh its historical highs, and continued to maintain a high-level oscillating and strong trend along the short-term moving average on the daily trend. In the 4-hour level, the price began to break through the previous row of pressure belts, and the short-term moving average continued to diverge upwards and maintain a relatively strong trend. Pay attention to whether there is a secondary upward trend after the retracement confirmation during the day. In the short-term trend, pay attention to the support belt around 3240. The hourly level trend also maintains a good bullish divergence trend. In the current situation, try to focus on retracement and long positions. In the case of a strong market, the retracement may not be too strong. Pay attention to the short-term adjustment.
Operation strategy:
3245-55 long positions, stop loss 3240, take profit 3275.
I am Quaid, turning every tide in the gold market into our wealth wave.
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.