Market-King1

The trend of spot gold rebounds and continues to be long

Long
Market-King1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Tonight will usher in the US March ADP employment change data and the US March ISMPMI' target='_blank'> non-manufacturing PMI data, investors need to pay attention. TaiWong, an independent metals trader in New York, said that the gold market is still in "highly bullish sentiment", but the market may need to consolidate amid the Fed's policy shift to a more hawkish stance.
After a short period of correction after rising higher on Monday, gold continued to rise on Tuesday. The price relied on the support near the mid-rail 2246 and fluctuated all the way up to new highs. The day's highs were 2266, 2276, 2280, and the day's lows were 2246, 2250, and 2253. Currently, the bulls The trend is intact and the market is extremely rising. Keep trading with the trend. Do not guess high and go against the trend to grab the top.
At the daily level, a physical big positive line was closed yesterday, and the K-line station rose on the upper track. The 4-hour K-line continued to rise, and the price rose on MA5, indicating that the current market is in a strong bullish trend, and MACD in each cycle is golden. The cross-volume pattern and the long-term arrangement of medium and long-term moving average indicators suggest that the current trend of gold will continue further, and the operation will continue to maintain a low-long thinking. It is only a matter of time before 2300 is broken. At the 1-hour level, gold shot up and fell back in early trading, and the price refreshed to 2287.8. Subsequently, the second rise came under pressure and the 2287 line fell back. The K line fell below the short-term moving average, MA5 and MA10 bonded downward, KDJ died, the macd fast line turned downward, and the green column increased in volume, indicating that there is a callback demand for gold in the short term, and large-level bulls The trend remains unchanged and continues to be bullish after a small-level correction.
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