Xauusd:Will the war continue to expand?
With Israel's announcement of a temporary moratorium on entering Gaza, the situation between Palestine and Israel has cooled, but the Israeli prime minister said that he is actively preparing for a ground offensive, and the time will be agreed with the cabinet.The current Israeli-Palestinian conflict has killed more than 8,000 people on both sides.
At present, gold has reached its highest point in 1993, and has not broken through the previous high of 1997.
I said yesterday that I am not afraid of gold rising now. The resistance above is still very strong. A direct rise will lead to overbought and deviate too far from the trend line, which will only bring a greater decline.
As long as we control our positions and remain patient, the chance of making a profit in the end is still very high.
Has deviated from the trend line again, observe the resistance range of 1995-2000
We need to pay attention to the upper resistance point range:
1991-1995
1997-2000
2003-2010
Pay attention to the range of support points below:
1982-1985
1974-1978
1962-1968
Today you can still sell in the above resistance zone and set a position based on your funds to increase your chance of profit
Changes in the war will still affect the trend of gold, so we still need to observe whether the war will expand to ensure our survival rate.
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Pay attention to the data on U.S. unemployment benefits in an hour. Gold is very sensitive now and is easily affected by war news and data.
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It just fell to around 1982 and found support, falling a total of $10.
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Ten minutes left
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Today's forecast is correct again, profitable again
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If gold cannot break through 1990 again today, the chances of a decline tomorrow will increase
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Same as I predicted
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Today, the highest gold reached 1993, and it did not break through the previous high, and the lowest fell to near 1972. Judging from the daily chart, the high of gold gradually moved down. It can be judged that the probability of subsequent gold declines is very high, but the impact of the war continues, and it is necessary to pay attention to the follow-up news at all times to deal with it, but in the big cycle, I still think it will fall.
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Today is Friday. If you still have trading orders, it's best not to stay until next week to avoid accidents on the weekend. The trend of gold and oil is the same as I predicted, but there is no good entry point. No matter if you make a profit or a loss this week, I hope you and your family can have a good weekend. I will continue to share next week and let us make a profit together next week.
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Driven by the geopolitical war situation, gold rose strongly in the final session, and gold rose as high as near 2010, which is in line with the resistance point of the war that I inferred before to expand gold.
