Gold prices have hit a new high once again. It's as easy as breathing air for prices to rise by $100 a day. In just a few minutes, the increase can be tens of dollars. With a 15% increase at the beginning of 2026, we're getting closer to $5,000, and the annual target has become a monthly target. Human greed has reached unprecedented levels, and respect for the market has become meaningless. $4900 was easily breached, leaving the upside potential completely untapped.
Therefore, the upward pressure on gold prices is currently minimal, and support is key for the upward trend. The $4900-$4910 range is the dividing line between bullish and bearish sentiment. However, Friday warrants attention to a potential pullback in US stocks, with a possible sharp drop followed by a sharp rise.
From a moving average perspective, all moving averages maintain a standard bullish alignment, with short-term moving averages consistently above medium- and long-term moving averages and diverging upwards in tandem, demonstrating the stability of the medium-term upward trend and providing strong technical support for further price increases.
In the short term, consider buying near 4900. The strategy remains unchanged until the US session begins, and we need to be wary of potential shifts in market trends.I will post more strategies in the channel.
Therefore, the upward pressure on gold prices is currently minimal, and support is key for the upward trend. The $4900-$4910 range is the dividing line between bullish and bearish sentiment. However, Friday warrants attention to a potential pullback in US stocks, with a possible sharp drop followed by a sharp rise.
From a moving average perspective, all moving averages maintain a standard bullish alignment, with short-term moving averages consistently above medium- and long-term moving averages and diverging upwards in tandem, demonstrating the stability of the medium-term upward trend and providing strong technical support for further price increases.
In the short term, consider buying near 4900. The strategy remains unchanged until the US session begins, and we need to be wary of potential shifts in market trends.I will post more strategies in the channel.
Transaction en cours
The buy strategy is profitable. Congratulations to the traders who executed this strategy.Trade fermée: cible de profit atteinte
Prices are continuing to rise; pay attention to the first profit target around 4950.
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Publications connexes
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.