Gold Market Analysis:
Gold has recently experienced significant volatility. Once again, we remind everyone to respect the market when trading. Such extreme fluctuations are also the most likely to lead to margin calls. Last week, gold surged and then retreated, ultimately closing with a large negative weekly candlestick. This was the first negative weekly candlestick closing after nine consecutive weeks of positive days. Has a major top appeared? Current indicators and patterns suggest only a short-term top has appeared. A long-term top still needs to be confirmed on the weekly chart. A further negative closing this week could signal a weekly top. This week, our focus remains on a correction, and we will continue to follow this strategy. Major tops require time and space to form. Current fundamentals and international trends still support buying gold. The Federal Reserve's loose monetary policy and high debt levels are both favorable for gold buying. If this is merely a technical correction, gold prices will continue to set new highs.
Gold's potential correction from its highs lies between 4003 and 4161, with room for a 160-point correction. Gold plunged sharply in today's Asian session, leaving significant resistance. We should focus on the minor resistance level of 4097. If it fails to break above, selling will require further declines to find deeper support. Avoid selling near 4003 on the K-line chart. If the bottom of the oscillation pattern is broken this week, a deeper sell-off could occur.
Resistance levels are 4097 and 4035, while support levels are 4065 and 4045. The market's strength-weakness dividing line is 4097.
Fundamental Analysis:
For fundamental analysis, we are focusing solely on key data and geopolitical developments. This week will feature the Federal Reserve's significant interest rate decision, and the market currently anticipates continued easing.
Trading Recommendations:
Gold - Sell near 4097, target 4050-4020
Gold has recently experienced significant volatility. Once again, we remind everyone to respect the market when trading. Such extreme fluctuations are also the most likely to lead to margin calls. Last week, gold surged and then retreated, ultimately closing with a large negative weekly candlestick. This was the first negative weekly candlestick closing after nine consecutive weeks of positive days. Has a major top appeared? Current indicators and patterns suggest only a short-term top has appeared. A long-term top still needs to be confirmed on the weekly chart. A further negative closing this week could signal a weekly top. This week, our focus remains on a correction, and we will continue to follow this strategy. Major tops require time and space to form. Current fundamentals and international trends still support buying gold. The Federal Reserve's loose monetary policy and high debt levels are both favorable for gold buying. If this is merely a technical correction, gold prices will continue to set new highs.
Gold's potential correction from its highs lies between 4003 and 4161, with room for a 160-point correction. Gold plunged sharply in today's Asian session, leaving significant resistance. We should focus on the minor resistance level of 4097. If it fails to break above, selling will require further declines to find deeper support. Avoid selling near 4003 on the K-line chart. If the bottom of the oscillation pattern is broken this week, a deeper sell-off could occur.
Resistance levels are 4097 and 4035, while support levels are 4065 and 4045. The market's strength-weakness dividing line is 4097.
Fundamental Analysis:
For fundamental analysis, we are focusing solely on key data and geopolitical developments. This week will feature the Federal Reserve's significant interest rate decision, and the market currently anticipates continued easing.
Trading Recommendations:
Gold - Sell near 4097, target 4050-4020
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.
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.