Next week is super data week, will your profits double?

12시간 전

Gold and silver have recently strengthened in tandem. I've already discussed the three main factors driving this simultaneous rise, so let me summarize them again.
① The geopolitical conflict between Russia and Ukraine in the Middle East. Although risk aversion has eased somewhat last week due to Trump's sudden about-face, the actual tension has not significantly improved. This requires continued attention and is a crucial foundation for gold's strength.
② The Federal Reserve cut interest rates for the first time in 14 months. This overall rate cut environment has laid the foundation and will provide sustained support for gold.
③ Gold and silver prices have risen in tandem. Due to the vigorous development of new energy and photovoltaics, the price of silver, a key component of these industries, has surged. This rapid rise in silver has also had a knock-on effect on gold.

Friday's high near 3780 failed to reach a new high. In the short term, further upward momentum will require new stimulus. The release of a series of important economic data next week may provide a new opportunity.

Gold Strategy Analysis
In the short term, focus on support around 3717-3722 and resistance around 3785-3790. Until the range is broken, the strategy of entering short positions at highs and long positions at lows should remain unchanged.

If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.

2시간 전

액티브 트레이드

Open short position in gold at 3780-3785.

40분 전

거래청산: 타겟 닿음

An hour ago, I suggested a short selling suggestion at 3785, and the short position ended with perfect profit.