On April 8, although U.S. economic data continued to suppress interest rate cut expectations last week, there were no other significant catalysts in the news except for changes in Israel-U.S. relations and an increase in risk aversion caused by Israel's air strikes on the Iranian consulate. However, gold still hit new highs repeatedly. Although the non-agricultural data on Friday was negative, gold only fell in the short term, and then steadily rose and rebounded in volume, setting another record high and reaching a new high above $2,330. The large structure is still a bullish trend.
From the daily chart, gold is still in an obvious upward trend. The 20-day moving average crosses the 50-day moving average upward to form a golden cross. The MACD indicator is also a golden cross and is far above the 0 axis. This indicates that gold will continue to rise. , will not plummet in the short term.
Today, the price fell back to the resistance range of 2300-2310 US dollars and rose again. The highest point was near 2354 US dollars. This is a perfect upward trend. The current focus is on the resistance range of 2330-2340 US dollars. If the price falls back to this range, you can continue to go long.The profit-taking price above is expected to be in the range of 2375-2385 US dollars.
From the daily chart, gold is still in an obvious upward trend. The 20-day moving average crosses the 50-day moving average upward to form a golden cross. The MACD indicator is also a golden cross and is far above the 0 axis. This indicates that gold will continue to rise. , will not plummet in the short term.
Today, the price fell back to the resistance range of 2300-2310 US dollars and rose again. The highest point was near 2354 US dollars. This is a perfect upward trend. The current focus is on the resistance range of 2330-2340 US dollars. If the price falls back to this range, you can continue to go long.The profit-taking price above is expected to be in the range of 2375-2385 US dollars.
تعليق:
The current price of gold has fallen back to around US$2,328, but it has not continued to fall. There is a high probability that it will continue its upward trend.
The current price of gold has fallen back to around US$2,328, but it has not continued to fall. There is a high probability that it will continue its upward trend.
The current price has fallen below $2,330, but the bullish trend will continue. Above $2,300, long positions are the main focus.