The downward trend in the market is unlikely to change.
Overall, the cooling of CPI has temporarily brought about a short-term technical rebound in gold prices. However, the hawkish stance of the Federal Reserve and the dual pressure of inflation risks in the Middle East remain, so gold has not yet entered a sustained bullish trend. In the short term, it should be viewed as a range-bound market.
For the short term, the strategy is to focus on buying on dips for recovery. Wait for a pullback to the 4040-4050 support level before considering long positions. The upside target is the 4090-4100 resistance level.
We will not consider going long above 4100 for the time being. We can consider shorting again when the price touches the 4120-4135 resistance level and wait for the price to fall back under pressure.
For the short term, the strategy is to focus on buying on dips for recovery. Wait for a pullback to the 4040-4050 support level before considering long positions. The upside target is the 4090-4100 resistance level.
We will not consider going long above 4100 for the time being. We can consider shorting again when the price touches the 4120-4135 resistance level and wait for the price to fall back under pressure.
Dagangan aktif
The US-Iran issue cannot be resolved in a day or two. Blocking the Strait of Hormuz has pushed up oil prices, and concerns about medium- to long-term interest rate hikes cannot be completely eliminated, limiting the extent of the gold price rebound. The daily chart shows a long upper shadow bullish candlestick, indicating heavy selling pressure above. The short-term rebound is merely a correction of oversold conditions, and the long-term downward channel has not been completely reversed. After a four-hour surge followed by a pullback, bullish momentum has weakened. Today's overall trend is expected to be range-bound with a slight downward bias, and there is currently no clear trend in one direction. The short-term resistance level to watch is around 4080, with strong intraday resistance around 4100. Yesterday's high also coincides with the gap resistance zone, making it a good entry point for shorting. The key support level to watch in the short term is the 4000 psychological level, which is the low point of yesterday's V-shaped reversal and provides strong support.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.