Gold prices have been clearly bullish recently. Since Powell's speech sparked expectations of a rate cut, gold prices have found an opportunity to break out, triggering a powerful daily rebound with consecutive gains. The continued upward trend has been remarkably consistent, demonstrating unstoppable momentum.
Currently, three key factors—expectations of rate cuts, tariff disruptions, and the geopolitical situation between Russia and Ukraine—have been supporting gold prices. Whenever gold prices fall into consolidation, news always emerges to pull them out of trouble.
Summary: Currently, bulls are still in the driving force. If gold prices fall back, it's still advisable to open long positions.
Gold Strategy
Gold's 1-hour moving average continues to form a golden cross and diverge in a bullish pattern. The 1-hour moving average remains in a standard bullish trend. Continue to open long positions in the event of a decline. Opening points: 3437/3423.
Currently, three key factors—expectations of rate cuts, tariff disruptions, and the geopolitical situation between Russia and Ukraine—have been supporting gold prices. Whenever gold prices fall into consolidation, news always emerges to pull them out of trouble.
Summary: Currently, bulls are still in the driving force. If gold prices fall back, it's still advisable to open long positions.
Gold Strategy
Gold's 1-hour moving average continues to form a golden cross and diverge in a bullish pattern. The 1-hour moving average remains in a standard bullish trend. Continue to open long positions in the event of a decline. Opening points: 3437/3423.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
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I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.