Gold is firmly at a high level, and the international situation
The recent trend can be said to be a small unilateral rise. After this week's daily trend correction, it will quickly make up for it the next day. The energy of the bulls is very strong, and its trend is also very rhythmic! Also on Friday, the price of gold rose close to $50, which also proves the strength of the bulls from another perspective!
The gold price is currently close to the previous historical high of 2431, and the one-hour trend does not show any sign of a sharp decline. This means that gold will once again hit the 2431 mark. Regarding the current trend, what we need to do next Monday is , find a good point in advance to ambush long orders, waiting for gold to violently rise again!
From a technical perspective, the current daily level is close to the high of 2431. If it breaks through successfully, five daily waves will be formed, the space above will be opened, and the magnitude of the increase will be equivalent to that of three waves! The conclusion drawn by the wave theory will be an increase of nearly 300 US dollars! That’s another big piece of meat for the market! Whoever is more organized will get the meat! Whoever is braver will get more meat! Those who are timid and cowardly will only be reduced to so-called stepping stones!
For next week's layout, we mainly refer to the previous peak conversion level of 2397, and retreat to the 2397-2340 area to boldly go long. If the gold price returns to the moving average support near 2389, we can still go long.
specific strategies
Gold will be over 2397 next Monday, stop loss 2387, target 2431
If you like my analysis, please leave a comment below and I wish you all a happy weekend
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Have a nice weekend, have you seen my analysis?
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Fed officials' caution suggests they may keep borrowing costs high pending more evidence of slowing inflation, which could put some pressure on gold prices. Recently, however, the market's dovish response to U.S. inflation data has fueled expectations of a rate cut by the Federal Reserve. Signs of slowing inflation have led to speculation that the Federal Reserve may adopt looser monetary policy, which has weighed on the dollar and Treasury yields, boosting gold prices.
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Geopolitical uncertainty is often seen as a support for gold prices, as gold is considered a safe-haven asset. Geopolitical tensions around the world, such as regional conflicts, trade disputes, etc., may cause investors to seek safe assets, thereby increasing the demand for gold
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Happy weekend, what are you doing?
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Please prepare for trading in advance
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Gold will still be strong for bulls next week
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An upward trend has formed
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Gold will still tupo next week
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Plan ahead for next week
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It's very close to the opening time
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Looking forward to gold breaking new highs
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Next week we will continue to look long
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Already looking forward to the results
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I hope everyone can see my analysis signals
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My prediction is 100% accurate, congratulations to everyone on your profits
Trade geschlossen: Ziel wurde erreicht:
TP
