Since the situation between Palestine and Israel, the risk aversion in gold prices cannot subside in a short period of time. Just like the previous situation between Russia and Ukraine, the price of gold has increased by nearly 300 US dollars, and now it has only increased by 130 US dollars. Don’t be afraid that there is no room. With the current situation, Director Wang will at least wait until the 2000 mark before giving up! Unless the gold price falls quickly below the support of 1935 at this stage, bulls will be willing to temporarily stay on the sidelines!
The one-hour trend, so far, shows that the bulls are strong and the gold price has very little retracement. With such a strong trend, even if the current gold price valuation is on the high side, short positions are very tempting to most investors, but they would rather miss it than take the risk. try! Technically, the moving average support continues to diverge upward during the day. The first support is currently at the 1949 line, and the current trend line support is at the 1936 line. The stable operating strategy is to wait for the price to fall back to the 1940-1943 line before continuing to do long positions. The market outlook target is first Look at the previous high of 1963 and then look at the historical pressure level of 1885!