From a technical perspective, the daily line rose on the upper track of the Bollinger Band, and the price broke through the historical high of 2449. The Bollinger Band moved upward as a whole, and the short-term moving average showed a golden cross upward pattern. Other periodic indicators also maintained a long position. Combined with the risk aversion caused by the geopolitical situation, the daily line also needs to be prepared for the gold price to fall sharply at any time from the high level.
From the 4-hour chart, the gold price first retreated slightly after the opening this morning, and fell into the 2415 area after touching the middle track of the Bollinger Band 2406. At present, the moving average dead cross pattern has become the upper line of pressure. In addition, other periodic indicators are unable to follow the rise. The Bollinger Band as a whole shows signs of exhaustion of upward potential. In addition, the MACD indicator dead cross, the green column potential continues to increase, and the KDJ indicator dead crosses again. Therefore, the overall 4-hour level can be expected to increase the selling caused by consolidation.
From the 1-hour chart, the short-term retracement from the high point of 2450 to 2407 is also relatively fast, and the local closing is just neutral. At present, we are focusing on the breakthrough of the 2450-2433 downward trend line. Today's early trading session fell again to test the 2406 support line. If the European session breaks the 2407 low point, the adjustment space will be further deepened. On the contrary, if it breaks the high, the sustainability will not be too strong, and it will be accompanied by repeated inertia to explore highs and fall back. Short short once near 2420-2423 in the European session, stop loss 2430, target 2406-2400. Enter the low position to do more, and then enter the market after the hourly chart stabilizes.
On the whole, today's short-term operation of gold is recommended to be short-selling on rebounds, supplemented by long positions on pullbacks. The short-term focus on the upper side is 2423-2425 resistance, and the short-term focus on the lower side is 2397-2390 support.
From the 4-hour chart, the gold price first retreated slightly after the opening this morning, and fell into the 2415 area after touching the middle track of the Bollinger Band 2406. At present, the moving average dead cross pattern has become the upper line of pressure. In addition, other periodic indicators are unable to follow the rise. The Bollinger Band as a whole shows signs of exhaustion of upward potential. In addition, the MACD indicator dead cross, the green column potential continues to increase, and the KDJ indicator dead crosses again. Therefore, the overall 4-hour level can be expected to increase the selling caused by consolidation.
From the 1-hour chart, the short-term retracement from the high point of 2450 to 2407 is also relatively fast, and the local closing is just neutral. At present, we are focusing on the breakthrough of the 2450-2433 downward trend line. Today's early trading session fell again to test the 2406 support line. If the European session breaks the 2407 low point, the adjustment space will be further deepened. On the contrary, if it breaks the high, the sustainability will not be too strong, and it will be accompanied by repeated inertia to explore highs and fall back. Short short once near 2420-2423 in the European session, stop loss 2430, target 2406-2400. Enter the low position to do more, and then enter the market after the hourly chart stabilizes.
On the whole, today's short-term operation of gold is recommended to be short-selling on rebounds, supplemented by long positions on pullbacks. The short-term focus on the upper side is 2423-2425 resistance, and the short-term focus on the lower side is 2397-2390 support.
Comment:
Gold rebounded slightly during the day, and currently continues to maintain a strong trend of fluctuations in the daily trend. In the hourly trend, the K line fluctuates upward along the short-term moving average. At present, gold has touched the short-term pressure zone near 2430 and then fell back slightly, but the decline is not strong, and there may be room for rebound in the late trading.
The 4-hour chart shows that gold has bottomed out and rebounded, without a second retracement confirmation, and has been continuously sorted and accumulated momentum to move upward. At present, the price has returned to the previous range, and the upper pressure is in the 2433-2437 area. In the evening, it is expected that the price will be under pressure and step back near the resistance, accompanied by repeated sawing.
The 1-hour moving average has begun to fall, forming a dead cross, indicating that there is still room for shorts. In the 30-minute chart, the rebound highs have decreased successively. The US market seems strong but in fact it has returned to nothing, and the price may fall rapidly. If the closing price cannot rise today, the downward space will be opened, and gold may usher in a real decline.
On the whole, gold has repeatedly hit highs and fallen back, and the top signs are obvious. It is recommended to mainly short on rebounds and supplement them with long on pullbacks. The short-term focus on the upper side is the 2433-2437 resistance line, and the short-term focus on the lower side is the 2405-2407 support line.
The market is changing rapidly. You need to stay calm when trading and not be confused by short-term fluctuations in order to see the real trend behind the market.
The 4-hour chart shows that gold has bottomed out and rebounded, without a second retracement confirmation, and has been continuously sorted and accumulated momentum to move upward. At present, the price has returned to the previous range, and the upper pressure is in the 2433-2437 area. In the evening, it is expected that the price will be under pressure and step back near the resistance, accompanied by repeated sawing.
The 1-hour moving average has begun to fall, forming a dead cross, indicating that there is still room for shorts. In the 30-minute chart, the rebound highs have decreased successively. The US market seems strong but in fact it has returned to nothing, and the price may fall rapidly. If the closing price cannot rise today, the downward space will be opened, and gold may usher in a real decline.
On the whole, gold has repeatedly hit highs and fallen back, and the top signs are obvious. It is recommended to mainly short on rebounds and supplement them with long on pullbacks. The short-term focus on the upper side is the 2433-2437 resistance line, and the short-term focus on the lower side is the 2405-2407 support line.
The market is changing rapidly. You need to stay calm when trading and not be confused by short-term fluctuations in order to see the real trend behind the market.
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After the death of Iranian President Raisi in a plane crash, there was no direct regional instability to exacerbate risk aversion. As the uncertainty in Iran weakened, the price of gold fell and fell from the recent high of $2,450, thus reducing the safe-haven appeal of gold prices. The precious metals market is vulnerable to interest rate pricing, and investors are closely watching the speeches of members of the Federal Open Market Committee (FOMC). Market attention has once again turned to the upcoming speeches of Federal Reserve policymakers, which dominated the early part of the week due to the absence of major economic events in the United States. Persistent concerns about US interest rates also continue to exert pressure. As Federal Reserve officials seek more evidence of falling inflation before cutting interest rates, the appeal of gold has gradually weakened. In addition, as the Federal Reserve is expected to release the minutes of its late April meeting on Wednesday, if the US dollar strengthens, it will further increase pressure on gold prices.