What news has affected gold recently? First, the US government shutdown crisis has become one of the main drivers of the rise in gold prices. The market expects the Federal Reserve to cut interest rates by 25 basis points in October and may even cut interest rates by another 50 basis points in December. SPDR gold holdings have increased significantly. In addition, the continued shutdown of the US government and the tense international trade situation are also continuing to attract safe-haven buying to support gold prices. Multiple factors such as central banks' gold purchases and the trend of de-dollarization also continue to provide upward momentum for gold prices.
Technical analysis of gold: On Thursday, gold soared by nearly $200 in a single day, and market sentiment was almost crazy. After breaking through the 4,000 mark, I have clearly pointed out in the early stage that this round of bullish trend may extend to the 4,300-4,500 area. Now it seems that the market trend has indeed confirmed this rhythm. There is no highest, only higher. On the news front, the Federal Reserve once again released its expectation of cutting interest rates this year, causing the US dollar to fall sharply. Gold, on the other hand, rose strongly, setting a new historical high in one fell swoop, reaching a high of 4380. It was originally expected that it would rise to 4330-4350 on Friday, which was the limit, but the strong market once again exceeded expectations, and the market bullish sentiment has been fully ignited.
From the technical structure, the short-term trend is still obviously strong. The operation strategy on Friday is still mainly to go long on pullbacks and short on rebounds. Focus on the two key support levels of 4300 and 4280 below. If the price does not break through after retracing, you can arrange long orders according to the trend. If it unexpectedly falls below 4280, you need to be alert to the rapid decline caused by high selling. In the short term, it may test the support of 4250-4240. Pay attention to the short-term resistance above 4380-4385 area. If it fails to break through effectively, there is still a risk of rising and falling in this area. Overall, gold is still in the main rising wave stage, and 4500 may become the target range for the next stage.
Today is Friday. It is recommended that all traders control their positions and stop losses, strictly implement trading plans, and do not blindly chase orders or resist orders. Although the market is strong, volatility is intensifying. Maintaining patience and rhythm is the key.
Technical analysis of gold: On Thursday, gold soared by nearly $200 in a single day, and market sentiment was almost crazy. After breaking through the 4,000 mark, I have clearly pointed out in the early stage that this round of bullish trend may extend to the 4,300-4,500 area. Now it seems that the market trend has indeed confirmed this rhythm. There is no highest, only higher. On the news front, the Federal Reserve once again released its expectation of cutting interest rates this year, causing the US dollar to fall sharply. Gold, on the other hand, rose strongly, setting a new historical high in one fell swoop, reaching a high of 4380. It was originally expected that it would rise to 4330-4350 on Friday, which was the limit, but the strong market once again exceeded expectations, and the market bullish sentiment has been fully ignited.
From the technical structure, the short-term trend is still obviously strong. The operation strategy on Friday is still mainly to go long on pullbacks and short on rebounds. Focus on the two key support levels of 4300 and 4280 below. If the price does not break through after retracing, you can arrange long orders according to the trend. If it unexpectedly falls below 4280, you need to be alert to the rapid decline caused by high selling. In the short term, it may test the support of 4250-4240. Pay attention to the short-term resistance above 4380-4385 area. If it fails to break through effectively, there is still a risk of rising and falling in this area. Overall, gold is still in the main rising wave stage, and 4500 may become the target range for the next stage.
Today is Friday. It is recommended that all traders control their positions and stop losses, strictly implement trading plans, and do not blindly chase orders or resist orders. Although the market is strong, volatility is intensifying. Maintaining patience and rhythm is the key.
Trade attivo
The last hurdle in trading is human nature. Many people have mastered a lot of technical knowledge and even have a good trading system, but they are still unable to make stable profits. The reason is that they are trapped by the one-sidedness of the system and ignore the underlying logic and deeper influencing factors. Trading is not just a technical issue, but also a cognitive issue. Truly mature traders must know what they are buying and selling every time without any ambiguity. They must carefully analyze the current market trends and judge whether they are in line with their own profit model. If they are in line with it, they will execute it. If not, they will wait patiently. The key to trading is not how to seize every opportunity, but how to control their own hearts and steady their hands. When the opportunity truly belongs to them, they must act decisively without any emotional fluctuations. Only in this way can they achieve truly stable profits.Trade chiuso: obiettivo raggiunto
If you do not have the ability to respond flexibly to the market in trading, nor are you good at adjusting your trading thinking and rhythm in time with the market rhythm, you can pay attention to the bottom notifications for more specific operation details and strategy updates. Let us pursue more profits flexibly and stably in the unpredictable market!
I will give my all to every friend who follows me. Trust is rewarded with real results. I don't exaggerate my promises and only pursue steady and sustainable returns. Many people have already done it, and you can too. t.me/TP_Daniel666
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I will give my all to every friend who follows me. Trust is rewarded with real results. I don't exaggerate my promises and only pursue steady and sustainable returns. Many people have already done it, and you can too. t.me/TP_Daniel666
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.