Gold price hits new high, will it continue to rise?

My article last week accurately predicted the direction of gold. Today's public signal target is 2448, and profits have been taken quickly. If you read my article, you have been profitable for two weeks in a row.

The current new high of gold is near 2450. After reaching it, it fell back slightly, and now it is oscillating upward again. I think the current market rhythm is still a relatively stable development trend. The current market is not very complex. Instead, it's very simple. There isn't too much tedious analysis, either fundamental or technical.

From a data point of view, the focus this week is on the Fed meeting minutes and the views of Fed officials, but these have not played much role before. But in a relatively unaffected environment, gold prices were still able to reach record highs.

Therefore, in terms of trading ideas, you can call back and go long. Short selling is OK on a small scale. Don't be greedy. If there is a profit, stop the profit in time. The real short-selling opportunity still needs to wait for the data.

Bull targets are visible at 2450-2460-2475

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