Gold's rise has reached its peak and is bound to fall
https://www.tradingview.com/x/6ILjYVSe/
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278
Transaction en cours
Gold is undergoing a short-term correctionTransaction en cours
Gold prices are expected to continue to fluctuate and fall within a narrow rangeTransaction en cours
Gold is now showing a downward trendTransaction en cours
Gold price now near $2,250Transaction en cours
Although gold is currently showing a downward trend, in order to prevent gold from rebounding, do not place heavy positionsTransaction en cours
Wait for gold price to reach around $2240Transaction en cours
When the price of gold reaches around $2,243An upward rebound occurs
Transaction en cours
Gold prices have now fallen to $2,235Transaction en cours
Gold prices now plummet, down $30 from peakTransaction en cours
Gold has rebounded briefly after continuing to fall, but the overall trend will be downwardTransaction en cours
After a brief rebound in gold pricesIt is now down near $2238
Transaction en cours
Gold is currently showing a strong downward trend and is expected to be supported around $2,220
Transaction en cours
Gold prices are currently in a state of shockTransaction en cours
Gold price is pulling back due to resistance from aboveNote
Gold hits new highsNote
Gold prices are falling fast
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.