As market expectations for a Federal Reserve rate hike this year intensified and the US strike on Iran, the international gold market fell, with prices briefly dipping to around 4160, hitting a recent low.
From a technical perspective, I believe gold is still in a downtrend, but the key focus should be on the US session. In the short term, gold prices have some support in the 4160-4170 area. If this support holds, the price will continue to fluctuate and adjust. However, if it breaks down, it will fall further, and new lows could appear at any time.
Specific trading strategies are as follows: Buy in small batches around 4165, with a take-profit target around 4185. After taking profit, short gold in the 4185-4195 area.
4165-buy
4185-4195-sell
The above strategies are for reference only!
From a technical perspective, I believe gold is still in a downtrend, but the key focus should be on the US session. In the short term, gold prices have some support in the 4160-4170 area. If this support holds, the price will continue to fluctuate and adjust. However, if it breaks down, it will fall further, and new lows could appear at any time.
Specific trading strategies are as follows: Buy in small batches around 4165, with a take-profit target around 4185. After taking profit, short gold in the 4185-4195 area.
4165-buy
4185-4195-sell
The above strategies are for reference only!
Trade attivo
The gold market trend was basically consistent with my strategy. Congratulations to all those who followed me for making a perfect profit!Trade chiuso: obiettivo raggiunto
We consistently emphasized the weak market performance and cautioned against hasty buying. Actual market movements validated this viewpoint, as I predicted, with gold prices perfectly breaking below 4100.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.