4.9 Gold safe-haven outbreak breaks new high!
In early trading in the European market on Tuesday (April 9), the U.S. dollar index was basically stable, currently around 104.20; spot gold rose rapidly in the short term, with the gold price currently around $2,359 per ounce, rising by more than $20 during the day. It implies that market sentiment is bullish. The upcoming release of U.S. Consumer Price Index (CPI) data and Federal Reserve meeting minutes may redefine gold's price trajectory and market stability. Geopolitical instability and economic data are key drivers of safe-haven demand and price dynamics for gold. In the latest trading session, gold held steady near $2,355, barely recovering from its peak just below $2,360, amid volatile economic signals and global tensions. The change represents a slight increase of 0.26% and indicates cautious optimism among traders.
Focus now turns to U.S. CPI data, which is expected to confirm continued inflationary pressures, with monthly gains expected to hover around 0.3%. This comes after a surprisingly strong non-farm payrolls report, leading to a recalibration of expectations for an interest rate adjustment by the Federal Reserve. Additionally, minutes from the Federal Reserve's March meeting are eagerly awaited, which may shed light on the central bank's stance on the inflation challenge. A geopolitical chessboard marked by rising tensions in the Middle East and the ongoing conflict between Russia and Ukraine continues to support gold's status as a refuge for investors. Iran's threats of retaliation against Israel and ongoing conflicts in Eastern Europe have jittery markets, further cementing gold's role as a hedge against uncertainty. Market focus is on upcoming U.S. CPI data, expected to rise 0.3% monthly, as well as Federal Open Market Committee (FOMC) meeting minutes. These important news releases on Wednesday are expected to have a significant impact on gold prices and overall market direction.
4.9 Gold market trend analysis:
Gold technical analysis: There is basically no technical aspect to the current fluctuations of gold. Now the main focus is to look at the intensity of the market crash caused by the impact of market news. At present, whether it is the impact of risk aversion caused by war factors or The economic impact of whether the U.S. cuts interest rates or not will undoubtedly support gold to continue to rise. Then, as long as there is no major negative impact on the market, gold will not have a major correction, so whether it is short-term or not, we In the long term, we still continue to be bullish on gold!
Judging from the current price fluctuations, the support near the lowest point of 2330 from yesterday to this morning has gradually moved up to the current 2345. The current daily trend of gold maintains a volatile and strong pattern, and the intraday price fluctuations are large. At the 4-hour level, the gold price temporarily fluctuated at a high level within a narrow range, and the K-line continued to remain strong above the short-term moving average. At the hourly level, after continuous shocks, the technical form is gradually repairing, and the K-line gradually stabilizes the short-term moving average, suggesting that the short-term trend is still possible to continue upward. The overall trend of gold is currently strong and is expected to continue rising in the short term.
Gold's risk aversion in the afternoon directly pushed up to a new high, so the short-term double top will not be established. Gold will rise further, and gold may reach a new high. The current price of gold in the afternoon is 2351, which is directly bullish! Gold's 30-minute double top has broken through, and support has been formed around 2345, the real top of gold's big positive line in the early stage. Gold's afternoon European market at 2345 is all about dips, giving opportunities to go long. Although gold has the momentum to continue rising in the short term, the risk will be greater the higher it reaches a high, so be sure to take good protection, because there is no resistance reference above, so I don’t know where the high point will be. I can only say that gold has no highest, only higher. On the whole, today's short-term operation of gold, I suggest to focus on longs on callbacks, supplemented by shorts on rebounds. The upper short-term focus will be on the 2370-2373 first-line resistance, and the lower short-term will focus on the 2345-2347 first-line support. Friends, you must keep up with the rhythm. . It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
4.9 Gold operation strategy reference:
Strategy 1: Short-sell (buy or sell) two-tenths of the position in batches near 2370-2373 when gold rebounds, with a stop loss of 6 points. The target is around 2360-2350. If the position is broken, look at the 2345 line;
Strategy 2: Go long (buy up) two-tenths of the position in batches when gold pulls back near 2345-2348, stop loss 6 points, target around 2360-2370, break the position and look at the 2375 line;
Focus now turns to U.S. CPI data, which is expected to confirm continued inflationary pressures, with monthly gains expected to hover around 0.3%. This comes after a surprisingly strong non-farm payrolls report, leading to a recalibration of expectations for an interest rate adjustment by the Federal Reserve. Additionally, minutes from the Federal Reserve's March meeting are eagerly awaited, which may shed light on the central bank's stance on the inflation challenge. A geopolitical chessboard marked by rising tensions in the Middle East and the ongoing conflict between Russia and Ukraine continues to support gold's status as a refuge for investors. Iran's threats of retaliation against Israel and ongoing conflicts in Eastern Europe have jittery markets, further cementing gold's role as a hedge against uncertainty. Market focus is on upcoming U.S. CPI data, expected to rise 0.3% monthly, as well as Federal Open Market Committee (FOMC) meeting minutes. These important news releases on Wednesday are expected to have a significant impact on gold prices and overall market direction.
4.9 Gold market trend analysis:
Gold technical analysis: There is basically no technical aspect to the current fluctuations of gold. Now the main focus is to look at the intensity of the market crash caused by the impact of market news. At present, whether it is the impact of risk aversion caused by war factors or The economic impact of whether the U.S. cuts interest rates or not will undoubtedly support gold to continue to rise. Then, as long as there is no major negative impact on the market, gold will not have a major correction, so whether it is short-term or not, we In the long term, we still continue to be bullish on gold!
Judging from the current price fluctuations, the support near the lowest point of 2330 from yesterday to this morning has gradually moved up to the current 2345. The current daily trend of gold maintains a volatile and strong pattern, and the intraday price fluctuations are large. At the 4-hour level, the gold price temporarily fluctuated at a high level within a narrow range, and the K-line continued to remain strong above the short-term moving average. At the hourly level, after continuous shocks, the technical form is gradually repairing, and the K-line gradually stabilizes the short-term moving average, suggesting that the short-term trend is still possible to continue upward. The overall trend of gold is currently strong and is expected to continue rising in the short term.
Gold's risk aversion in the afternoon directly pushed up to a new high, so the short-term double top will not be established. Gold will rise further, and gold may reach a new high. The current price of gold in the afternoon is 2351, which is directly bullish! Gold's 30-minute double top has broken through, and support has been formed around 2345, the real top of gold's big positive line in the early stage. Gold's afternoon European market at 2345 is all about dips, giving opportunities to go long. Although gold has the momentum to continue rising in the short term, the risk will be greater the higher it reaches a high, so be sure to take good protection, because there is no resistance reference above, so I don’t know where the high point will be. I can only say that gold has no highest, only higher. On the whole, today's short-term operation of gold, I suggest to focus on longs on callbacks, supplemented by shorts on rebounds. The upper short-term focus will be on the 2370-2373 first-line resistance, and the lower short-term will focus on the 2345-2347 first-line support. Friends, you must keep up with the rhythm. . It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
4.9 Gold operation strategy reference:
Strategy 1: Short-sell (buy or sell) two-tenths of the position in batches near 2370-2373 when gold rebounds, with a stop loss of 6 points. The target is around 2360-2350. If the position is broken, look at the 2345 line;
Strategy 2: Go long (buy up) two-tenths of the position in batches when gold pulls back near 2345-2348, stop loss 6 points, target around 2360-2370, break the position and look at the 2375 line;
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I wish you all a happy trading week. If you encounter any difficulties in trading, I will help you solve your difficulties. I am waiting for you in my channel.
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Gold is now like a roller coaster. If your account is trapped or destroyed, please come to my channel and send me a private message. I will help you solve your difficulties.
Trade active:
Gold is now like a roller coaster. If your account is trapped or destroyed, please come to my channel and send me a private message. I will help you solve your difficulties.
Trade active:
Gold is now like a roller coaster. If your account is trapped or destroyed, please come to my channel and send me a private message. I will help you solve your difficulties.
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Gold fluctuates up and down, reaching a maximum of 2365 today. If your account is trapped or destroyed, please follow my channel and contact me. I will help you solve your difficulties.
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Any dip is a buying opportunity and I'm telling you don't try to sell anywhere. We can see gold rising from 2165 to 2365. If you follow my advice, then you will make huge profits. If you have any difficulties, follow my channel and send me a private message. I will help you solve the difficulties.
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Investment is a long-term process, and it is also a process of continuous growth. Friends who are interested in gold investment but have no idea how to start, or are already involved but are not ideal in trading, can come to my channel. Our team analyzes the market conditions and trends every day and distributes them. Free trading signals. If you need anything, please follow my channel and chat with me privately as soon as possible.
Trade active:
Investment is a long-term process, and it is also a process of continuous growth. Friends who are interested in gold investment but have no idea how to start, or are already involved but are not ideal in trading, can come to my channel. Our team analyzes the market conditions and trends every day and distributes them. Free trading signals. If you need anything, please follow my channel and chat with me privately as soon as possible.
Trade active:
The trend of gold has been jumping up and down recently. Many people have lost money in their accounts, always thinking that there will be a correction. As a result, their accounts are either liquidated or locked up, or they have chased the bulls to the ceiling. The sadness and helplessness in investing cannot be explained by the words "bad luck"! These days, many investors have told me that they have been trapped in a short position and a long position, and they feel like they have been stuck in the trap without any profit at all. Occasionally, if you make one or two orders right, you don't know when TP hesitates and you will lose profits. If you cannot grasp the market trend, you will not have the ability to control it. I have been in the market for more than ten years and my team will analyze the market trends every day to derive trading signals. I hope I can help you recover your losses and guide you to make profits in trading. Learn how to trade, how to control risks, and how to judge market trends. Click the link I am waiting for your arrival in my channel!
Trade active:
The trend of gold has been jumping up and down recently. Many people have lost money in their accounts, always thinking that there will be a correction. As a result, their accounts are either liquidated or locked up, or they have chased the bulls to the ceiling. The sadness and helplessness in investing cannot be explained by the words "bad luck"! These days, many investors have told me that they have been trapped in a short position and a long position, and they feel like they have been stuck in the trap without any profit at all. Occasionally, if you make one or two orders right, you don't know when TP hesitates and you will lose profits. If you cannot grasp the market trend, you will not have the ability to control it. I have been in the market for more than ten years and my team will analyze the market trends every day to derive trading signals. I hope I can help you recover your losses and guide you to make profits in trading. Learn how to trade, how to control risks, and how to judge market trends. Click the link I am waiting for your arrival in my channel!