Gold's rise has reached its peak and is bound to fall
https://www.tradingview.com/x/6ILjYVSe/
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278
Trade ativo
Gold is undergoing a short-term correctionTrade ativo
Gold prices are expected to continue to fluctuate and fall within a narrow rangeTrade ativo
Gold is now showing a downward trendTrade ativo
Gold price now near $2,250Trade ativo
Although gold is currently showing a downward trend, in order to prevent gold from rebounding, do not place heavy positionsTrade ativo
Wait for gold price to reach around $2240Trade ativo
When the price of gold reaches around $2,243An upward rebound occurs
Trade ativo
Gold prices have now fallen to $2,235Trade ativo
Gold prices now plummet, down $30 from peakTrade ativo
Gold has rebounded briefly after continuing to fall, but the overall trend will be downwardTrade ativo
After a brief rebound in gold pricesIt is now down near $2238
Trade ativo
Gold is currently showing a strong downward trend and is expected to be supported around $2,220
Trade ativo
Gold prices are currently in a state of shockTrade ativo
Gold price is pulling back due to resistance from aboveNota
Gold hits new highsNota
Gold prices are falling fast
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.