Gold prices edged higher in early trade this week, boosted by an escalation in the conflict between Iran and Israel over the weekend. Traders are bracing for a new week after an Iranian drone attack on Israel late Saturday night, with investors seeking safety in traditional safe havens. In the coming week, gold prices are likely to continue their volatile trend, with the potential to remain high or even increase in upward momentum. Ongoing and potential future developments between Iran and Israel will be crucial in influencing markets, and gold is expected to remain the asset of choice for those seeking to hedge against geopolitical risks.
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Pay attention to the support points below and the pressure points above.
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The first support level is 2345 and the second support level is 2333.
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Two hours later, the United States will announce the monthly sales rate for March, which may further promote gold's rise.
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The profit stop point was accurately reached at 2360. Congratulations to my friends on the channel, they made money again.
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You can look for lows to continue buying and get short-term profits and exit quickly.
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Pay attention to the first support level of 2365. If you want to get trading information, you can join my channel.
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Geopolitical reasons have a great impact on gold, and the general direction today will still be upward.
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At this time, the market may be both long and short. It is recommended to trade short-term. You can exit when you make a profit. Don't be greedy.
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Hope it helps you.
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2380 is a key resistance level. If it breaks through, it is likely to reach the high of 2400 again.
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Trading strategy; go long in the 2370-2373 area, target 2390.
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As predicted, it is approaching 2390.
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Perfect prediction, it is already 2392 at this time, and the next target is 2400.
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A short-term correction is a buying opportunity. If you want to make money, you must seize the opportunity. The next resistance is 2400.
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Powell spoke an hour later, which could give markets a new direction.
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The Fed's hawkish speech hindered the price of gold, causing a short-term decline.
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The Fed's hawkish comments have held back gold, but if Israel strikes back against Iran, you could see gold rise again.
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The market's upward trend is still relatively strong, and if Israel counterattacks, this will be confirmed.
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A short-term pullback is a buying opportunity, enter with long orders.
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Don’t hesitate to enter the market with short-term long orders.
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The 2380 area continues to be empty, waiting for a callback.
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Today’s operation suggestions: long near 2308, stop loss 2303, or short near 2320-2325, stop loss 2330.
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Buy at 2312, a perfect profit of $15. If you follow my signal, you will also make a huge profit at this time.