The gold market witnessed a dramatic V-shaped rebound. After initially breaking through the key $3800 support level, bearish sentiment briefly dominated.
However, the market sentiment abruptly shifted due to two pieces of news: Fed officials signaled a potential interest rate cut, suggesting the high-interest rate environment may be nearing its end; and Trump's announcement of a significant increase in military spending to $1 trillion by 2026, further fueling geopolitical uncertainty. These two factors combined ignited safe-haven buying, providing strong support for gold.
Gold prices then staged a 360-degree turnaround, rallying strongly. This bottom-reversal pattern clearly demonstrated the strength of the bullish forces. The price not only recovered above the $3830 support level but also formed a strong bullish technical pattern, indicating a significant shift in market sentiment towards optimism, with lower support solidified and bearish resistance effectively overcome.
Trading Strategy:
Continue to buy at $3835-$3830, with a stop loss at $3820 and a profit target of $3860-$3870.
However, the market sentiment abruptly shifted due to two pieces of news: Fed officials signaled a potential interest rate cut, suggesting the high-interest rate environment may be nearing its end; and Trump's announcement of a significant increase in military spending to $1 trillion by 2026, further fueling geopolitical uncertainty. These two factors combined ignited safe-haven buying, providing strong support for gold.
Gold prices then staged a 360-degree turnaround, rallying strongly. This bottom-reversal pattern clearly demonstrated the strength of the bullish forces. The price not only recovered above the $3830 support level but also formed a strong bullish technical pattern, indicating a significant shift in market sentiment towards optimism, with lower support solidified and bearish resistance effectively overcome.
Trading Strategy:
Continue to buy at $3835-$3830, with a stop loss at $3820 and a profit target of $3860-$3870.
With rich trading experience and precise operating strategies, we can transform every market fluctuation into an opportunity to make profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
With rich trading experience and precise operating strategies, we can transform every market fluctuation into an opportunity to make profits.
Welcome to join my signal exchange channel: t.me/+5W95IZ8-mFUwY2Zh.
Welcome to join my signal exchange channel: t.me/+5W95IZ8-mFUwY2Zh.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.