Gold Market :
Analysis: Yesterday, we maintained our buying stance on gold, placing buy orders at 4047, 4073, and 4078. Today, we will continue to place buy orders. Gold has broken through the previous daily chart's correction high and started a new major rebound. The strength and magnitude of this rebound are very significant. Do not try to catch it; those who sold yesterday are mostly at a loss. Trying to guess the top makes it very difficult to capture the absolute highest point. The daily chart closed with a strong bullish candle with no upper or lower shadow. Today's buying will continue to push the price higher. Where is the top? Such a strong upward trend has no clear top. We need to follow it, even if it means risking everything to buy. The area around 4046 on the daily chart is already the bottom of the daily consolidation range. Even if there is a pullback later, it's unlikely to break through this level again. Pullbacks are our buying opportunities.
Gold prices rose sharply in the Asian session, presenting buying opportunities on minor dips. Waiting for strong support is unlikely; hourly support is around 4105. The key level to avoid in the Asian session is 4161. A break below this level could lead to further upward movement on the daily chart. I anticipate a period of consolidation around this level. I expect a rise in the Asian session followed by consolidation in the US session.
Support: 4105 and 4075; Resistance: 4161; Key level for market strength/weakness: 4105.
Fundamental Analysis:
Recent comments from Federal Reserve officials signaled continued interest rate cuts, suggesting a continuation of rapid easing policies, which should support further upward movement in gold.
Trading Recommendation:
Buy gold around 4105, target 4160-4199.
Analysis: Yesterday, we maintained our buying stance on gold, placing buy orders at 4047, 4073, and 4078. Today, we will continue to place buy orders. Gold has broken through the previous daily chart's correction high and started a new major rebound. The strength and magnitude of this rebound are very significant. Do not try to catch it; those who sold yesterday are mostly at a loss. Trying to guess the top makes it very difficult to capture the absolute highest point. The daily chart closed with a strong bullish candle with no upper or lower shadow. Today's buying will continue to push the price higher. Where is the top? Such a strong upward trend has no clear top. We need to follow it, even if it means risking everything to buy. The area around 4046 on the daily chart is already the bottom of the daily consolidation range. Even if there is a pullback later, it's unlikely to break through this level again. Pullbacks are our buying opportunities.
Gold prices rose sharply in the Asian session, presenting buying opportunities on minor dips. Waiting for strong support is unlikely; hourly support is around 4105. The key level to avoid in the Asian session is 4161. A break below this level could lead to further upward movement on the daily chart. I anticipate a period of consolidation around this level. I expect a rise in the Asian session followed by consolidation in the US session.
Support: 4105 and 4075; Resistance: 4161; Key level for market strength/weakness: 4105.
Fundamental Analysis:
Recent comments from Federal Reserve officials signaled continued interest rate cuts, suggesting a continuation of rapid easing policies, which should support further upward movement in gold.
Trading Recommendation:
Buy gold around 4105, target 4160-4199.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。