Gold opened higher today, surging to around the 4,060 level and returning to all-time highs once again—last week’s pullback has been completely reversed by bulls. Just as gold broke through the 3,897 level after three tests earlier, it quickly rallied to the next resistance at 4,085 following the breakout above 4,060. After a minor pullback and consolidation, it is now making a push toward 4,100.
Candlesticks continue to maintain a healthy oscillating uptrend along the short-term moving averages, suggesting the short-term movement may be a second rally after a pullback correction. On the 1-hour timeframe, after a series of small upward moves, prices are temporarily in a narrow-range consolidation at high levels. There is a certain degree of divergence emerging on minor timeframes, indicating potential room for a short-term correction.
The main driver behind today’s gold rally remains the volatile trade tensions. Gold is still in an uptrend, but the strength of this uptrend will depend on developments in trade negotiations. If tensions continue to escalate, gold is likely to break through and hit new highs. Conversely, if trade talks make smooth progress, gold will undergo a correction.
Trading Strategy:In this kind of market, even though we know it’s a bullish trend, we do not recommend chasing highs directly. Wait for a second pullback before entering light long positions. For short positions, consider waiting until around the 4,100-4125 level.
For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
Candlesticks continue to maintain a healthy oscillating uptrend along the short-term moving averages, suggesting the short-term movement may be a second rally after a pullback correction. On the 1-hour timeframe, after a series of small upward moves, prices are temporarily in a narrow-range consolidation at high levels. There is a certain degree of divergence emerging on minor timeframes, indicating potential room for a short-term correction.
The main driver behind today’s gold rally remains the volatile trade tensions. Gold is still in an uptrend, but the strength of this uptrend will depend on developments in trade negotiations. If tensions continue to escalate, gold is likely to break through and hit new highs. Conversely, if trade talks make smooth progress, gold will undergo a correction.
Trading Strategy:In this kind of market, even though we know it’s a bullish trend, we do not recommend chasing highs directly. Wait for a second pullback before entering light long positions. For short positions, consider waiting until around the 4,100-4125 level.
For specific trading decisions, please follow my real-time updates. I post my trading ideas and strategies daily. If you lack a plan or clear direction for gold trading and struggle to achieve consistent, stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
Transaction en cours
In this bullish market, you must set a stop loss when shorting, otherwise it will be very uncomfortable to be trapped. No one knows where the top is.Trade fermée: cible de profit atteinte
Wait for a sharp rise before considering shorting gold, or consider going long on gold after a pullback to the 4070-4080 range.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.