Gold's rise has reached its peak and is bound to fall
Actualizado
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
Operación activa
Gold is undergoing a short-term correctionOperación activa
Gold prices are expected to continue to fluctuate and fall within a narrow rangeOperación activa
Gold is now showing a downward trendOperación activa
Gold price now near $2,250Operación activa
Although gold is currently showing a downward trend, in order to prevent gold from rebounding, do not place heavy positionsOperación activa
Wait for gold price to reach around $2240Operación activa
When the price of gold reaches around $2,243An upward rebound occurs
Operación activa
Gold prices have now fallen to $2,235Operación activa
Gold prices now plummet, down $30 from peakOperación activa
Gold has rebounded briefly after continuing to fall, but the overall trend will be downwardOperación activa
After a brief rebound in gold pricesIt is now down near $2238
Operación activa
Gold is currently showing a strong downward trend and is expected to be supported around $2,220
Operación activa
Gold prices are currently in a state of shockOperación activa
Gold price is pulling back due to resistance from aboveNota
Gold hits new highsNota
Gold prices are falling fast
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